Richard Werner

speaker

4,694 appearances 9 recordings 3 series first heard Jul 2025 last heard 22 May

Richard Werner’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 8 in all, peaking in Apr 2026 with 6.

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But the conclusion doesn't tell you that you should do this.

Well, it's not perfectly predictive.

It's not predictive at all.

And also, it may not describe the world.

It may not describe reality because it depends on the assumptions that you've used to build this model.

And that's where they cheat you.

So, the assumptions in Ricardo's model are highly specific and unrealistic.

And that's how economics has worked ever since.

In fact, it's called Ricardo's Vice.

So modern economics, and historians of economic thought agree on this, modern economics essentially was invented by David Ricardo.

It's called the Ricardian Vice, which is to make such assumptions that you will come to the conclusions that you desire.

And so, it's of course not scientific.

It's not scientific at all.

It is a way of deceiving people.

And you don't point out that this is only a scenario.

It's a simulation that could be true on some planet.

But we are not saying anything about whether this actually applies to this or not.

So it's sophistry, really?

Yes, it is.

But also you could say it's rhetoric or it's marketing because you're trying to convince people of something that you've concluded you want to do.

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