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Unable to find them and overcome with guilt and remorse he vows to be teetotal for 21 years.

They think they can get the right answer to everything just by thinking about it, but in reality intelligent thought requires not just brute-force application of IQ but also domain expertise, hard-to-define-intuition, trial-and-error, and a humble openness to criticism and debate.

Now the new guard is doing their own thing – behavioral economics, experimental economics, economics of effective government intervention.

The new paradigm probably has a lot of problems too, but it’s a pretty good bet that random people you stop on the street aren’t going to know about them.

That’s why you can’t just completely reject the existing academic system and become a self-taught autodidact like rationalists want to do.

Remember, lots of Communist-style attempts to remake society along seemingly ‘rational’ lines have failed disastrously; you shouldn’t just throw out the work of everyone who has come before because they’re not rational enough for you.


  1. If I were an actor in an improv show, and my prompt was “annoying person who’s never read any economics, criticizing economists”, I think I could.

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