Question http://hansard.millbanksystems.com/commons/1993/jan/13/treaty-on-european-union-1 in the House of Commons (13 January 1993).
1990s
“The economics establishment (universities, regulators, central bankers, government officials, various organisations staffed with economists) lost its legitimacy with the failure of the system. It is irresponsible and foolish to put our trust in the ability of such experts to get us out of this mess. Instead, find the smart people whose hands are clean.”
Ten principles for a Black Swan-proof world http://www.ft.com/cms/s/0/5d5aa24e-23a4-11de-996a-00144feabdc0.html?nclick_check=1, Financial Times, 2009-04-07.
Ten principles for a Black Swan-proof world (2009)
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Nassim Nicholas Taleb 196
Lebanese-American essayist, scholar, statistician, former t… 1960Related quotes
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Context: p>The result might have been stated in a mathematical formula as early as the time of Archimedes, six hundred years before Rome fell. The economic needs of a violently centralizing society forced the empire to enlarge its slave-system until the slave-system consumed itself and the empire too, leaving society no resource but further enlargement of its religious system in order to compensate for the losses and horrors of the failure. For a vicious circle, its mathematical completeness approached perfection. The dynamic law of attraction and reaction needed only a Newton to fix it in algebraic form.At last, in 410, Alaric sacked Rome, and the slave-ridden, agricultural, uncommercial Western Empire — the poorer and less Christianized half — went to pieces. </p
Source: The transformation of corporate control, 1993, p. 89
Source: Creative Problem Solving: Total Systems Intervention (1991), p. 2
Source: Creative Problem Solving (1991), p. 2.