Live data from Hacker News

Inequality and Skin in the Game

medium.com

11–20 of 70 posts

Re: Inequality and Skin in the Game

#11

I've read my share of socio-economic philosophizing, but did anyone else find this a slog to read through?

Taleb's style is generally... insufferable, but it's a good way to remind yourself that how nice someone's writing is isn't necessarily a sign of how good their ideas here. He takes great joy, for better or for worse, in pointing out critics who call him arrogant and pretentious rather than criticize his ideas.

Re: Inequality and Skin in the Game

#12
post #8

This guy's writing style is insufferable. Basically, 'let me introduce an abstract, technical concept, criticize the reader for not knowing it, and then not define it until halfway through the article' Dropping words like 'Markov Chain' in a Medium post without any context or explanation just makes the author seem like he wants us to think he's smart.

Markov chains are exactly what I thought of when he started on the topic of dynamic vs static in inequality. It's not really that a high-brow concept.

Re: Inequality and Skin in the Game

#13
post #8

This guy's writing style is insufferable. Basically, 'let me introduce an abstract, technical concept, criticize the reader for not knowing it, and then not define it until halfway through the article' Dropping words like 'Markov Chain' in a Medium post without any context or explanation just makes the author seem like he wants us to think he's smart.

[deleted]

Re: Inequality and Skin in the Game

#14
I don't have anything to add to the blog post itself, but I find the complaints about the writing style pretty strange, especially to HN. I never even try to read New Yorker articles anymore, which get shared and upvoted here so abundantly: lazy, wordy writing that concentrates on people instead of concepts, tries to reason about important things through emotions instead of logic and in general tries to be prose instead of journalism is insufferable to me.

After that, Taleb's writing is like fresh air: straight and to the point, logical and precise. He's using concepts that I myself utilize in analysis of outside world, shows great intellectual honesty and backs his claims with a plethora of sources. If anything, I expected HN to be full of fans of this writing style, not New Yorker's.

Re: Inequality and Skin in the Game

#15
post #8

This guy's writing style is insufferable. Basically, 'let me introduce an abstract, technical concept, criticize the reader for not knowing it, and then not define it until halfway through the article' Dropping words like 'Markov Chain' in a Medium post without any context or explanation just makes the author seem like he wants us to think he's smart.

It's excerpted from a book. I do think that it would be better if he altered it a bit for this article.

Re: Inequality and Skin in the Game

#16
post #11

I've read my share of socio-economic philosophizing, but did anyone else find this a slog to read through?

Taleb's style is generally... insufferable, but it's a good way to remind yourself that how nice someone's writing is isn't necessarily a sign of how good their ideas here. He takes great joy, for better or for worse, in pointing out critics who call him arrogant and pretentious rather than criticize his ideas.

I couldn't get to his idea to criticise.

Re: Inequality and Skin in the Game

#17

I don't have anything to add to the blog post itself, but I find the complaints about the writing style pretty strange, especially to HN. I never even try to read New Yorker articles anymore, which get shared and upvoted here so abundantly: lazy, wordy writing that concentrates on people instead of concepts, tries to reason about important things through emotions instead of logic and in general tries to be prose inst…

Seconded. I found his style genuinely delightful.

People are more likely to comment about things that piss them off though, right?

Re: Inequality and Skin in the Game

#18

It is shocking that people continue to cite Piketty. His results have been more or less shot down completely - his measurements are unstable (taken), and insofar as he has shown r > g, this is primarily due to middle class household wealth (rognlie). Further, his results are only within country and don't apply globally (c.f. Milanovic). But his results are just so convenient and sound so cool. How can we discard them…

Is that actually true? In my research, i found that a number of scholars (including the ones you cite) critiqued aspects of Piketty's theory, but their papers read like either additions or clarifications. Further, the results are definitely not "convenient" - indeed, they go against a lot of prior research, and Piketty has done a remarkable job being open with both the data he uses and responding to others' arguments. He has certainly started an important scholarly debate.

If I'm wrong, mind citing the correct sources?

Re: Inequality and Skin in the Game

#19

It is shocking that people continue to cite Piketty. His results have been more or less shot down completely - his measurements are unstable (taken), and insofar as he has shown r > g, this is primarily due to middle class household wealth (rognlie). Further, his results are only within country and don't apply globally (c.f. Milanovic). But his results are just so convenient and sound so cool. How can we discard them…

He is citing Piketty for his flaws, not to praise him.

Re: Inequality and Skin in the Game

#20

It is shocking that people continue to cite Piketty. His results have been more or less shot down completely - his measurements are unstable (taken), and insofar as he has shown r > g, this is primarily due to middle class household wealth (rognlie). Further, his results are only within country and don't apply globally (c.f. Milanovic). But his results are just so convenient and sound so cool. How can we discard them…

The central thesis of Piketty's Capital[1] is that inequality is a core feature of capitalism. He backs this with meticulous research[2] into centuries of wealth, income, and tax data. You can argue about what is the "right" level of inequality or with the policy recommendations (that massive government interventionism via a global tax on wealth is required). However, the results and data are solid.

[1]: https://www.amazon.com/Capital-Twenty-First-Century-Thomas-P...

[2]: http://piketty.pse.ens.fr/files/capital21c/en/Piketty2014Fig...

Post reply on HN