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A comment on Harvard Economist Is Trying to Kill Cash. Parent comment

Re:Harvard Economist Is Trying to Kill Cash by digi_owl on Saturday September 10, 2016 @09:15AM (#12469039)
Economists in particular seems to have a willful blindness to feedback loops.
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Re:Harvard Economist Is Trying to Kill Cash by pdkl95 on Saturday September 10, 2016 @09:20AM (#12469049)
"Understanding economics well impedes an understanding the economy." -- Yanis Varoufakis

https://www.youtube.com/watch?v=L5AUAIzciLE#t=1355

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Re:Harvard Economist Is Trying to Kill Cash by Noseshine on Saturday September 10, 2016 @09:33AM (#12469100)
Well-known economist (public speaker and author) Ha-Joon Chang [0] says something very similar, here is the "RSA animate" short version: https://www.youtube.com/watch?v=NdbbcO35arw

My version: The deeper you go with your models the more you lose sight of the big picture, until you end up with crazy sophisticated mathematical models - that don't model reality (meaning not even relevant reality, apart from small well-defined sub-problems).

[0] https://en.wikipedia.org/wiki/Ha-Joon_Chang

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Re:Harvard Economist Is Trying to Kill Cash by digi_owl on Saturday September 10, 2016 @09:38AM (#12469129)
Interesting, i didn't know there was still new RSA animates made.
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Re:Harvard Economist Is Trying to Kill Cash by digi_owl on Saturday September 10, 2016 @09:21AM (#12469059)
I just wish he would wise up regarding EU...
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