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The Black Swan: The Impact of the Highly Improbable, NNTaleb (2010)

December 23, 2012

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As I’ve said, the problem with organized knowledge is that there is an oc­casional divergence of interests between academic guilds and knowledge itself. So I cannot for the life of me understand why today’s libertarians do not go after tenured faculty (except perhaps because many libertarians are academics). We saw that companies can go bust, while governments re­ main. But while governments remain, civil servants can be demoted and congressmen and senators can be eventually voted out of office. In academia a tenured faculty is permanent—the business of knowledge has per­manent “owners.” Simply, the charlatan is more the product of control than the result of freedom and lack of structure.

Manuel J. Matos‘ insight:

[op. cit., p. 183]

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