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Showing posts with the label Nassim Nicholas Taleb

Theory versus Practice

"The great economist Ariel Rubinstein... refuses to claim that his knowledge of theoretical matters can be translated -- by him -- into anything directly practical. To him, economics is like a fable -- a fable writer is there to stimulate ideas, indirectly inspire practice perhaps, but certainly not to direct or determine practice. Theory should stay independent from practice and vice versa -- and we should not extract academic economists from their campuses and put them in positions of decision making." -- Nassim Nicholas Taleb, Antifragile , pp. 211-212.

Religion will outlast all of its critics

"If something that does not make sense to you (say, religion -- if you are an atheist -- or some other age-old habit or practice called irrational); if that something has been around for a very, very long time, then, irrational or not, you can expect it to stick around much longer, and outlive those who call for its demise." -- Nassim Nicholas Taleb, Antifragile , p. 335