Serendipity and verbosity

Posted on Sunday, October 04, 2009 12:34 PM

While reading Iain M. Banks’ Excession on the one hand, I also encountered Paul Krugman’s example of impenetrable jargon:

Given decentralized constrained optimization by maximizing agents with well-defined convex objective functions and/or convex production functions, engaging in exchange and production with free disposal, leads, in the absence of externalities, market power, and other distortions, there exists an equilibrium characterized by Pareto optimality.

Which apparently translates to “Greedy people, competing, make the world go round.”

So I can’t stop wondering which of Banks’ Culture Galaxy Class Whatever Starships would have uttered those sentences.  My bet would be on the GCU Fate Amenable To Change.  But of course it could just as well have been the GSV Ethics Gradient or even the GCU Honest Mistake.

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