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Back (Well, Almost)
Albert Wenger – Jun 17, 2018
After nearly four weeks of not posting due to shoulder surgery I am almost back. I am saying almost because even though I can type very well again, I am spending a fair bit of time every day on physical [...] Read more
Shoulder Surgery
Albert Wenger – May 23, 2018
No Uncertainty Wednesday today. I had shoulder surgery yesterday to repair a rotator cuff injury. That means I won’t be able to type for quite a few days. I am creating this post using Voice on my Android phone. Impressively [...] Read more
World After Capital: Getting Past Capital (Attention)
Albert Wenger – May 21, 2018
NOTE: Today’s excerpt from World After Capital is about attention. It argues why attention is scarce in the sense of scarcity introduced earlier in the book. This section sets up the demands on attention and then talks about scarcity of [...] Read more
World After Capital: Getting Past Capital (Labor)
Albert Wenger – May 14, 2018
NOTE: Today’s excerpt from World After Capital is about labor. In it I describe what I call the “job loop” and how it has become central to both the economy and sadly also our view of human dignity. Before we [...] Read more
Uncertainty Wednesday: Beliefs (Part 3)
Albert Wenger – May 9, 2018
Today’s Uncertainty Wednesday is a quick wrap up to the formalization of beliefs as probability distributions. Let’s first start with a simple question. What probability distribution reflects the least knowledge about a coin? How do you express “I don’t know, [...] Read more
World After Capital: Getting Past Capital
Albert Wenger – May 7, 2018
NOTE: Today’s excerpt from my book World After Capital deals with how we have achieved the sufficiency of physical capital. This is capitalisms greatest accomplishment, but also means that we are now facing a new scarcity: attention. The title of [...] Read more
Skin in the Game by Nassim Taleb (Book Review)
Albert Wenger – May 4, 2018
I recently finished Nassim Taleb’s latest book “Skin in the Game.” Much like Antifragile previously, I highly recommend reading it. The subtitle of the book is “Hidden Asymmetries in Daily Life” and while I am not a fan of the [...] Read more
Uncertainty Wednesday: Beliefs (Cont’d)
Albert Wenger – May 2, 2018
Last Uncertainty Wednesday, I introduced the idea of beliefs. Today we will make this idea more precise. We started with an extreme belief, the one that a coin is so biased that we will only observe “heads” (H). More realistically [...] Read more
World After Capital: Getting Past Capital (Overview, Population)
Albert Wenger – Apr 30, 2018
NOTE: As every Monday, I am continuing to post excerpts from my book World After Capital. Today, starts Part Two of the book, which is title “Getting Past Capital” with an overview and a section on population growth dynamics. Digital [...] Read more