Thorough application of small data that provides valuable insight in how people live on less than 2$ a day – and what that implies for microfinance.
The book resists the temptation to get lost in juicy stories, but focuses on the evolution of ideas.
Economists should stay away from pseudo-philosophical assertions, in particular when these hinge on misinterpretation of Bayesian methods, use flawed logic, and do not lead to realistic recommendations.
Smart agent-based modelling perspective on global challenges around poverty and sustainability.
Next to revolution (in the spirit of Marx), the book claims there are just three other forces strong enough to achieve leveling: mass warfare, epidemics, and system collapse (the last of which is arguably overlaps with the others).
the set-up in which interesting historical facts serve to make a political argument makes the author prone to the narrative fallacy.
Generally solid overview of retail business economics using hard discounter in grocery as case examples, but the authors could not risist the urge to make overly general assertions.
The authors see AI as just a new option for the division of labor which, although it can have rather dramatic consequences, does not support apocalyptic GAI fearmongering.
The idea of challenging the implicit assumptions of traditional economics is not new, yet the emphasis on framing the debate is valuable.
At first the polemic style is charming, but over-all the writer’s objective to crush the system by his brain power is poorly executed and overlooks too many credible alternative lines of argument.
Written in Taleb’s highly entertaining style, at times overly cocky but with more than enough wisdom to make up for it.
Elegant mix of historic analysis of market dynamics and experiments with natural selection in non-biological context.