No, economists are not psychic
Below is a quote from John Gray’s review of David Brooks’ book, The Social Animal: The Hidden Sources of Love, Character, and Achievement. He’s talking about how the recent economic crisis was supposed to be impossible because of the psychic ability of quantitative models to predict the future of the economy.
[M]any economists refused to accept that such a crisis was possible—captivated as they were by the belief that quantitative models could predict the future, sheltering the field from messy reality. Economists were thus incapable of perceiving the dangers that were mounting around them. The attempt to domesticate the uncertainties of the future by turning them into calculable risks was discredited by the crash. A mode of thinking that was supposed to be supremely rational has proved in practice to be little more than an exercise in harebrained cleverness.
[youtube http://www.youtube.com/watch?v=T9TmmF79Rw0?feature=oembed&w=250&h=187%5D
How to deactivate a cat. aka, putting a cat in admin mode.
A veterinarian put standby a cat with a plier. (by fckjulien1000)
It is more important that innocence be protected than it is that guilt be punished, for guilt and crimes are so frequent in this world that they cannot all be punished. But if innocence itself is brought to the bar and condemned, perhaps to die, then the citizen will say, “whether I do good or whether I do evil is immaterial, for innocence itself is no protection,” and if such an idea as that were to take hold in the mind of the citizen that would be the end of security whatsoever.
The Purpose of Universities
Tim Black write in the Sp!ked Review of Books about how universities are deviating from their primary purpose: the pursuit of knowledge. However, universities now have the expectation to be economic engines, churning out smarter workers and economic producers.
An increase in the quantity of graduates will neither create a dynamic, wealth-producing economy nor will it create the conditions for the emergence of lots of dynamic, wealth-producing individuals. Universities are not what they are currently being cracked up to be. But that leads to another problem. So deeply entrenched is the belief that, to use the words of the 1998 Dearing report, ‘Higher education has become central to the economic wellbeing of nations and individuals’, that it is becoming increasingly difficult to recall what the purpose of institutions of higher education might be. Their autonomy as academic bodies, in which one ought to be free to pursue an interest in a subject area to a higher level, has been effaced by their thoroughgoing instrumentalisation as drivers of economic growth and social mobility.
Body Hackers
Can applying the principles of computer hacking to the human body make for a better life?
Much as an engineer will analyse data and tweak specifications in order to optimise a software program, people are collecting and correlating data on the “inputs and outputs” of their bodies to optimize physical and mental performance. “We like to hack hardware and software, why not hack our bodies?” says Tim Chang, a self-quantifier and Silicon Valley investor who is backing the development of several self-tracking gadgets. Indeed, why not give yourself an “upgrade”, says Dave Asprey, a “bio-hacker” who takes self-quantification to the extreme of self-experimentation. He claims to have shaved 20 years off his biochemistry and increased his IQ by as much as 40 points through “smart pills”, diet andbiology-enhancing gadgets. “I’ve rewired my brain,” he says.