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Geometric Marginalism: Difference between revisions
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==On X== | ==On X== | ||
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|image=Eric profile picture.jpg | |||
|nameurl=https://x.com/EricRWeinstein/status/1423394651373858816 | |||
|name=Eric Weinstein | |||
|usernameurl=https://x.com/EricRWeinstein | |||
|username=EricRWeinstein | |||
|content=This eliminates a step or two. You may have to watch in lower resolution if you are on your phone however: https://x.com/sabinowitz/status/1423394091409330182 | |||
|thread= | |||
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|image=Eric profile picture.jpg | |||
|nameurl=https://x.com/EricRWeinstein/status/1423391836417056773 | |||
|name=Eric Weinstein | |||
|usernameurl=https://x.com/EricRWeinstein | |||
|username=EricRWeinstein | |||
|content=I am wholly supportive of this effort. Whether this iteration succeeds or fails is immaterial. The important thing is to take [[Inflation|inflation]] away from those who would disguise: | |||
A) The printing of fiat money by central bankers. | |||
B) The fact that economists are holding back the field. | |||
|quote= | |||
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|image=balajis-profile-LOUb2m4R.jpg | |||
|nameurl=https://x.com/balajis/status/1423330960481816582 | |||
|name=Balaji | |||
|usernameurl=https://x.com/balajis | |||
|username=balajis | |||
|content=A truly global [[Inflation|inflation]] dashboard would be the next coinmarketcap. It'd be bigger than that, in fact. | |||
So we're offering a little prize to build one. | |||
|timestamp=5:11 PM · Aug 5, 2021 | |||
}} | |||
|timestamp=9:13 PM · Aug 5, 2021 | |||
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{{Tweet | |||
|image=Eric profile picture.jpg | |||
|nameurl=https://x.com/EricRWeinstein/status/1423391838778527746 | |||
|name=Eric Weinstein | |||
|usernameurl=https://x.com/EricRWeinstein | |||
|username=EricRWeinstein | |||
|content=Why are they holding back the theory of index numbers ([[CPI]], GDP)? Because the more innovation, the less freedom to dial our gauges to whatever values the political patrons of macro economics ask. The field is literally held back by leading economists to preserve their own power. | |||
|timestamp=9:13 PM · Aug 5, 2021 | |||
}} | |||
{{Tweet | |||
|image=Eric profile picture.jpg | |||
|nameurl=https://x.com/EricRWeinstein/status/1423391839638364162 | |||
|name=Eric Weinstein | |||
|usernameurl=https://x.com/EricRWeinstein | |||
|username=EricRWeinstein | |||
|content=Around 1996, [[Boskin Commission|Boskin Commissioner]] Jorgensen held back the biggest unambiguous advance in mathematical economics that I am aware of in decades. It would have interfered with their finding that the [[CPI]] was 1.1% overstated. He calculated 1.1% would save a round Trillion for U.S. | |||
|timestamp=9:13 PM · Aug 5, 2021 | |||
}} | |||
{{Tweet | |||
|image=Eric profile picture.jpg | |||
|nameurl=https://x.com/EricRWeinstein/status/1423391840535863296 | |||
|name=Eric Weinstein | |||
|usernameurl=https://x.com/EricRWeinstein | |||
|username=EricRWeinstein | |||
|content=We can’t afford for economics to pretend it is a science in public, yet act as an incentive operated consultancy which can get you any result you need to fit the political agenda. | |||
So this effort of @balajis needs to be supported! We must take this away from our current leaders. | |||
|timestamp=9:13 PM · Aug 5, 2021 | |||
}} | |||
{{Tweet | |||
|image=Eric profile picture.jpg | |||
|nameurl=https://x.com/EricRWeinstein/status/1423391841592901635 | |||
|name=Eric Weinstein | |||
|usernameurl=https://x.com/EricRWeinstein | |||
|username=EricRWeinstein | |||
|content=[[Inflation]] is like a thermometer. You ask how hot/cold it is. You don’t get to ask “What do you need the Gauge to say? How much thumb should be on the scale?” | |||
This is all discussed in detail by Jim Weatherall in his book in the final chapter/epilogue: | |||
https://www.amazon.com/Physics-Wall-Street-Predicting-Unpredictable-ebook/dp/B006R8PMJS/ref=nodl_ | |||
|media1=ERW-X-post-1423391841592901635.jpg | |||
|timestamp=9:13 PM · Aug 5, 2021 | |||
}} | |||
{{Tweet | |||
|image=Eric profile picture.jpg | |||
|nameurl=https://x.com/EricRWeinstein/status/1423391842624696321 | |||
|name=Eric Weinstein | |||
|usernameurl=https://x.com/EricRWeinstein | |||
|username=EricRWeinstein | |||
|content=Lastly, it is high time my co-developer of the theory got her due without being subjected to both the Matilda & Matthew effects. Man-boys really do drive technical women out of technical fields because they can’t cite a woman who is smarter than they are. Enough. | |||
Go @balajis. | |||
|timestamp=9:13 PM · Aug 5, 2021 | |||
}} | |||
{{Tweet | |||
|image=Eric profile picture.jpg | |||
|nameurl=https://x.com/EricRWeinstein/status/1423391843572617218 | |||
|name=Eric Weinstein | |||
|usernameurl=https://x.com/EricRWeinstein | |||
|username=EricRWeinstein | |||
|content=The co-developer of gauge thy in econ as a 2nd Marginal Revolution is Pia Malaney in the early 1990s at Harvard. | |||
There is no reason to pretend this [[Inflation|inflation]] thy never happened just to flatter power. Let’s disintermediate the old: | |||
{{#widget:YouTube|id=zwiHv7xVQ_c}} | |||
https://www.openculture.com/2018/08/the-matilda-effect.html | |||
|media1=ERW-X-post-1423391843572617218.jpg | |||
|timestamp=9:13 PM · Aug 5, 2021 | |||
}} | |||
{{Tweet | |||
|image=Eric profile picture.jpg | |||
|nameurl=https://x.com/EricRWeinstein/status/1423392839568789504 | |||
|name=Eric Weinstein | |||
|usernameurl=https://x.com/EricRWeinstein | |||
|username=EricRWeinstein | |||
|content=I think this is a great introduction to geometric marginalism and economic field theory. Hope you love it: | |||
https://www.fields.utoronto.ca/talks/neoclassical-mechanics-economic-field-theory | |||
|timestamp=9:17 PM · Aug 5, 2021 | |||
}} | |||
|timestamp=9:25 PM · Aug 5, 2021 | |||
}} | |||
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