Sublime

Compared to other scientists, Nobel laureates are at least twenty-two times more likely to partake as an amateur actor, dancer, magician, or other type of performer.

If you assume equilibrium, which economists do, then by definition cascades of collapse cannot happen.

essence, we are dealing with disgruntled young people who do unexpected or dangerous things under the social influence of their peers and role models—a.k.a. the common adolescent. And yet, only a small fraction of disgruntled young people stumble into behaviors that are significantly more dangerous than making severe fashion statements or partying

“toy” models of economies—simple models that are so abstract they bear little resemblance to reality.

We have an alternative solution, ergodicity economics, which has replaced the expectation value of the operator on this random object with a time average, or time average growth.

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