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The Collective Stupidity: Economics as Fiction »

By Peter Walsh

“But the trouble continued to spread over the country, and there were reports of big concerns, and even banks, in trouble.” — Upton Sinclair, Oil! (1927)
No doubt there are still those who think economics is a dull, plodding technical field, akin to accounting, which pale men in green eyeshades practice somewhere in the […]

The Collective Stupidity: The X-Box War »

by Peter Walsh
“Collective intelligence has no relationship to the stupidity of crowd behavior.” — Pierre Lévy, The Collective Intelligence
The day before the New Hampshire primary, I went with a friend to hear George Packer, author of The Assassin’s Gate: America in Iraq, speak at Dartmouth College.
I knew George twenty years ago, when we both […]