George Soros Live at Budokan

George Soros delivered this speech underscoring his reflexivity philosophy, laying out the case for Europe only having three months to live and excoriating the Germans.

Joe Weisenthal says it’s gone viral and everyone is talking about it.  Let’s see why…

Remarks at the Festival of Economics, Trento Italy

June 02, 2012

Ever since the Crash of 2008 there has been a widespread recognition, both among economists and the general public, that economic theory has failed. But there is no consensus on the causes and the extent of that failure.

I believe that the failure is more profound than generally recognized. It goes back to the foundations of economic theory. Economics tried to model itself on Newtonian physics. It sought to establish universally and timelessly valid laws governing reality. But economics is a social science and there is a fundamental difference between the natural and social sciences. Social phenomena have thinking participants who base their decisions on imperfect knowledge. That is what economic theory has tried to ignore.

Keep Reading:

GeorgeSoros.com

 

 

What's been said:

Discussions found on the web
  1. photo booth rentals nj commented on Oct 07

    … [Trackback]

    […] Find More on that Topic: thereformedbroker.com/2012/06/04/george-soros-live-at-budokan/ […]

  2. this commented on Nov 17

    … [Trackback]

    […] Here you can find 32898 more Info to that Topic: thereformedbroker.com/2012/06/04/george-soros-live-at-budokan/ […]

  3. td canada trust login commented on Nov 26

    … [Trackback]

    […] Find More to that Topic: thereformedbroker.com/2012/06/04/george-soros-live-at-budokan/ […]

  4. Regression testing commented on Dec 20

    … [Trackback]

    […] Information to that Topic: thereformedbroker.com/2012/06/04/george-soros-live-at-budokan/ […]

  5. rbc online commented on Jan 03

    … [Trackback]

    […] Information on that Topic: thereformedbroker.com/2012/06/04/george-soros-live-at-budokan/ […]

  6. Digital Transformation commented on Jan 17

    … [Trackback]

    […] Find More on that Topic: thereformedbroker.com/2012/06/04/george-soros-live-at-budokan/ […]

Read this next.