It must be really quite frustrating for George Soros to see the academic reception given to Nassim Nicholas Taleb. After spending the thirty years since the publication of “The Alchemy of Finance” trying, respectfully and politely, to get academic economists and philosophers to take his ideas seriously to no avail, the success of “The Black Swan” indicates that he had the wrong approach all along. As Taleb has shown, academics are fundamentally masochists and the way to get
their attention is to roundly abuse them, and tell them they’re idiots who don’t know what they’re talking about. “The Crash of 2008″ is for the most part still far too polite to mainstream economics (apart from a couple of deliciously acid remarks about the status-insecurity of social science academics), but by the end of it, the evidence assembled about insights missed, predictions screwed up and disaster which could and should have been averted but weren’t, is just as damning as Taleb’s findings about financial risk management.