While reading War and Peace, I marveled over and over again at how something written so long ago can be so applicable to our times while still being very much of its own time.
If human beings can dismiss academic arguments merely because they lead to politically unwelcome conclusions, what’s the point of having academic arguments about politically-charged subjects?
So, taking also any benchmark that is derived from competition and saying this is where we should be is also so dangerous because it might not even be applicable depending on how you define the metric.
Above I dismissed the notion that technological advances should make the market more efficient in all but the short-term sense. Here, I argue it likely goes the other way at longer horizons. And, IMHO, this is the best of my three hypotheses.
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sentence stating the claim, backed by a quote and a source, kept at
korrents.com.
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else holds it.
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About the English under a post
Some people here publish in a language other than English. Where they
do, this site shows a machine translation beneath the post, in
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quote them on. A translation can be wrong in ways that matter,
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are left in their original language.