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	<title>Comments on: thinking, reality and George Soros</title>
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	<link>http://bphouse.com/honest_money/2009/07/06/thinking-reality-and-george-soros/</link>
	<description>Gold is Wealth Hiding in Oil</description>
	<pubDate>Fri, 30 Jul 2010 23:53:06 +0000</pubDate>
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		<title>By: Ivo Cerckel</title>
		<link>http://bphouse.com/honest_money/2009/07/06/thinking-reality-and-george-soros/comment-page-1/#comment-1650</link>
		<dc:creator>Ivo Cerckel</dc:creator>
		<pubDate>Sun, 12 Jul 2009 00:02:56 +0000</pubDate>
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		<description>0 of 1 people found my review helpful

Better than here 
0 of 4 people found my review helpful
http://www.amazon.co.uk/Euro-Politics-New-Global-Currency/dp/0300127308/ref=cm_cr-mr-title</description>
		<content:encoded><![CDATA[<p>0 of 1 people found my review helpful</p>
<p>Better than here<br />
0 of 4 people found my review helpful<br />
<a href="http://www.amazon.co.uk/Euro-Politics-New-Global-Currency/dp/0300127308/ref=cm_cr-mr-title" rel="nofollow">http://www.amazon.co.uk/Euro-Politics-New-Global-Currency/dp/0300127308/ref=cm_cr-mr-title</a></p>
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		<title>By: Ivo Cerckel</title>
		<link>http://bphouse.com/honest_money/2009/07/06/thinking-reality-and-george-soros/comment-page-1/#comment-1646</link>
		<dc:creator>Ivo Cerckel</dc:creator>
		<pubDate>Sat, 11 Jul 2009 02:11:12 +0000</pubDate>
		<guid isPermaLink="false">http://bphouse.com/honest_money/2009/07/06/thinking-reality-and-george-soros/#comment-1646</guid>
		<description>panic?

http://www.amazon.co.uk/product-reviews/1586486993/ref=cm_cr_dp_all_helpful?ie=UTF8&#038;coliid=&#038;showViewpoints=1&#038;colid=&#038;sortBy=bySubmissionDateDescending

SNIP

Quite a good read, 10 Jul 2009 
By Corinna Witt (Berlin) - See all my reviews

Surprisingly, this book was quite a good read even though I'm neither a banker nor investor and didn't understand the passages about financial products and investment schemes all that well. However, I find Soros' economic theory which he calls 'reflexivity' makes sense. Basically, what he says is that people seek to understand the world which they live in while at the same time manipulating it. This results in a distorted view and applied to economics means that none of the existing models can describe reality or predict the future. The trouble is that the complexity of reflexivity cannot be pressed into a scientific model and therefore only leaves us with a critique of existing economic theory. 
Quote: 'Not only has the prevailing paradigm - equilibrium theory, and its political derivative, market fundamentalism - proven itself incapable of explaining the current state of affairs, it can be held responsible for landing us in the mess we are in. We badly need a new paradigm.' 
I agree!</description>
		<content:encoded><![CDATA[<p>panic?</p>
<p><a href="http://www.amazon.co.uk/product-reviews/1586486993/ref=cm_cr_dp_all_helpful?ie=UTF8&#038;coliid=&#038;showViewpoints=1&#038;colid=&#038;sortBy=bySubmissionDateDescending" rel="nofollow">http://www.amazon.co.uk/product-reviews/1586486993/ref=cm_cr_dp_all_helpful?ie=UTF8&#038;coliid=&#038;showViewpoints=1&#038;colid=&#038;sortBy=bySubmissionDateDescending</a></p>
<p>SNIP</p>
<p>Quite a good read, 10 Jul 2009<br />
By Corinna Witt (Berlin) - See all my reviews</p>
<p>Surprisingly, this book was quite a good read even though I&#8217;m neither a banker nor investor and didn&#8217;t understand the passages about financial products and investment schemes all that well. However, I find Soros&#8217; economic theory which he calls &#8216;reflexivity&#8217; makes sense. Basically, what he says is that people seek to understand the world which they live in while at the same time manipulating it. This results in a distorted view and applied to economics means that none of the existing models can describe reality or predict the future. The trouble is that the complexity of reflexivity cannot be pressed into a scientific model and therefore only leaves us with a critique of existing economic theory.<br />
Quote: &#8216;Not only has the prevailing paradigm - equilibrium theory, and its political derivative, market fundamentalism - proven itself incapable of explaining the current state of affairs, it can be held responsible for landing us in the mess we are in. We badly need a new paradigm.&#8217;<br />
I agree!</p>
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