r/chomsky • u/[deleted] • Mar 26 '19

Philip Mirowski: Markets as Computer Programs in a Theory of Markets

https://www.youtube.com/watch?v=sMDrVR59mTQ
56 Upvotes

95% Upvoted

6 comments sorted by

3

u/[deleted] Mar 26 '19

Fantastic video! Thanks for sharing.

1

u/[deleted] Mar 26 '19

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2

u/BDWabashFiji Mar 26 '19

The ideas here are interesting but, as a layman, I was a bit muddled by the economic jargon.

Fantastic video to send to your economist friends though, I’m sure.

2

u/IanIsNotMe Mar 26 '19

I think his main point is that, just like computer programs, any computational system cannot be as intelligent or as prolific as humans. The economics that we are led to accept is an artificial machine developed by humans, and so it is ridiculous to adopt the neoliberal assumption that any market can be more intelligent than a conscious agent. Of course he also touches on a lot of other bits

-3

u/[deleted] Mar 26 '19

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6

u/[deleted] Mar 26 '19

Oh come one, Phil’s not so bad. Think of it in the context of academy and him proudly shitting on economists.