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vici10 is offline
Jul20-10, 06:39 PM
P: 41
Quote Quote by twofish-quant View Post
]The reason I ended up working on Wall Street, is precisely because I am a Marxist. Once you figure out that money and power are the root of why things are why they are, then it's logical to go somewhere that you learn about money and power.
As Marx has said:
”The philosophers have only interpreted the world in various ways—the point however is to change it.”

Learning of how present system works is of course necessary first step.
Quote Quote by twofish-quant View Post
It's probably because they avoid professions where you learn about how money and power works.
There is probably some truth in what your are saying. I found the critical research of Bichler and Nitzan be refreshing and original, especially their empirical methods.
Interestingly enough, Nitzan before becoming a professor worked for five years as Senior Editor at the BCA Emerging Markets Strategist. And their books are mostly admired not by economists, but by mathematicians and physicists, although they do not use heavy math. Your opinion about their work, as someone who works at Wall Street in quantitative analysis, would be very interesting.