Monday, August 20, 2018

Lars P. Syll — Econophysics

Quote worth pondering.

Lars P. Syll’s Blog
Lars P. Syll | Professor, Malmo University

1 comment:

Konrad said...

“To some economists, finance is a relatively minor subfield. Any contribution from finance, even the most significant, can only have a limited impact on economics science at large. I disagree with this viewpoint: recent events confirm that hiccups in the financial markets can cripple the entire economy.” ~ Jean-Philippe Bouchaud

In today’s world, especially in Western nations, finance is the economy. Wall Street dominates Main Street. The financial economy is a parasite on the real economy. Bankers, financiers, and the FIRE sector rule all.

Since bout 1900, most economists have been paid to lie.