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Council of the Canceled with Eric Weinstein, Jay Bhattacharya and Mike Benz (X Content): Difference between revisions

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'''Eric Weinstein:'''
'''Eric Weinstein:'''
This was a piece of Kryptonite. In other words, the changing preference problem gave anyone the opportunity to say, I appreciate all this work in neoclassical economics that you've pushed out to the planet, but are you telling me the whole thing collapses if we have tastes that change over time? So, in other words, they just they shoved in a fix with paperclips and masking tape and then, you know, and 50 years later, I think it was a 1977 paper called De Gustibus Non Est Disputandum. we're still living in a world in which you can't innovate in economics mathematically because we're still fighting the Cold War. Well.
This was a piece of Kryptonite. In other words, the changing preference problem gave anyone the opportunity to say, I appreciate all this work in neoclassical economics that you've pushed out to the planet, but are you telling me the whole thing collapses if we have tastes that change over time? So, in other words, they just they shoved in a fix with paperclips and masking tape and then, you know, and 50 years later, I think it was a 1977 paper called De Gustibus Non Est Disputandum. We're still living in a world in which you can't innovate in economics mathematically because we're still fighting the Cold War.


01:03:40:14 - 01:03:48:29
01:03:40:14 - 01:03:48:29


'''Nicole Shanahan:'''
'''Nicole Shanahan:'''
Now, that undermines also so many principles of how we think about capitalism and democracy and these very basic structures around.
Wow, that undermines also so many principles of how we think about capitalism and democracy and these very basic structures around.


01:03:49:05 - 01:03:50:06
01:03:49:05 - 01:03:50:06