Wednesday, October 1, 2008

Physicists Play Wall Street Crape Game

NYT Op Ed dated October 1, 2008 had an article title "This Economy Does Not Compute" by Mark Buchanan, a theoretical physicist.

How exciting? A physicist in a populous role who happens to be a or so to speak claims to be a theoretical physicist. So, what is the probability that a theoretical physicist could become a populous interested in Wall Street economic market speculation? A physicist instead of studying the physical laws becomes interested in studying the economic laws, and cites the collaboration between economist and physicists, a talk of NYT oped. Well, we have to wait and see what kind of hybrid or a genetic mutant this turns out to be.

At the outset, it seems physicists and economists are responding to changing academic institutional token rewards and commercialization. Academic institutions are becoming steadily and surely Wall Street hybrids, if not out right collaborators. Academies provide token rewards for collaboration across academic disciplines, with some unintended collaborative consequences.

Physicist and economists both are humans reared and rewarded in token economic reward and punishment Skinnerian rat model. So, by the virtue of their rearing models it seems it would be probably possible that they have developed propensity to do things which brings them token rewards. This propensity to respond to token rewards, it seems, will propel them to do things academic institution with token rewards wants or for that matter any other institutions wants them to do, in a some what predictable manner.

It is interesting that physicists instead of studying the universal physical laws are responding to study the Wall Street crape game. There must be in the near distance future, if it is not already hear, physicist for wall street professional organization trading on wall street. In a not so distance future, it would be in all probability possible that Rupert Murdock will propose to buy physicists professional organization on wall street in stocks, preferred stocks with dividends and options for common stocks that is.

At the same time, if the wall street is crashing, and future physics students are taking examination in Murdoch Physics Wall Street Hall, the politicians will siphon public funds to save Murdoch private wall street in the name to save physics students and their parents. A treasury secretary will knell, and plead action is better than no action.

A time to ponder.........................

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