Mandelbrot and Taleb on the Economic Crisis

October 23rd, 2008 by zen

Go here.  Hat tip to Chadmalik.

They are talking not “Great Depression” but a system perturbation  on an epochal scale that causes an economic Black Hole.

Makes John Robb look like Pollyana on antidepressants.

Posted in 2008, 21st century, black swans, economic determinism, economics, globalization, network theory | 4 comments

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  1. Barnabus:

    October 24th, 2008 at 10:54 pm

    can you check the links….neither one works for me…thx

  2. zen:

    October 25th, 2008 at 1:37 am

    Hi Barnabus,
    .
    They are working on my end.

  3. Causes of the financial crisis « Fabius Maximus:

    October 29th, 2008 at 12:01 am

    […] We are at the stage where the full magnitude of these events has not yet become apparent, even to many experts.  Hence the nonsense flooding the media, attributing these great events to the most trivial of causes.  Here is a wonderful example (hat tip to Zenpundit): […]

  4. November 1, 2008 « Rising in Phoenix:

    November 1st, 2008 at 10:20 am

    […] We are at the stage where the full magnitude of these events has not yet become apparent, even to many experts.  Hence the nonsense flooding the media, attributing these great events to the most trivial of causes.  Here is a wonderful example (hat tip to Zenpundit): […]