Saturday, August 04, 2007

new economic theories. i hope Karl Popper is reading.

thanks to some of the warming, full bodied reds that a capital winter necessitates, i've stumbled across the genesis of a new economic school of thought...

the embryo arose from the amount of effort spent by firms forecasting market movements, which is nothing better than a rolling a dice, so i've been thinking that there's got to be a better way.

first, inspired by early episodes of northern exposure and native american wisdom (which is clearly written by someone white, btw) is ZEN ECONOMICS, or ZenEc. the idea is that in order to catch salmon, you must think like a salmon, so it follows that in order to predict market movements, you must think like a market. Now, just exactly how a market thinks is beyond me, as i'm fairly vague, and markets don't stand for that type of thing. however, i warned you that this was the genesis of new schools of thought.

i then started a second bottle of red and eliminated the fledgling school of ZenEc through the establishment Post Colonial Economics, or PoCe. (that's a hard C btw). which rejects the notion that a white person can understand a market's culture, preconceptions and outlook. therefore it is impossible for us to predict market movements by applying our concepts of rationality to a market's. our bounded rationality is too narrow, to understand efficient allocation.

somebody transfer this to the economic thought wikipedia page for me, ta.

2 Comments:

Blogger timboy said...

We are a bunch of hopeless drunks aren´t we!

Very funny drunks too

3:48 AM  
Blogger larson_b said...

i liked the way i merged native american and japanese culture.

12:16 AM  

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