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They are doing economics as an ideology, by hiding under the cloak of science. Thus showing their technical incompetence is a good way to underline the point that they are not objective observers but partisan hacks.

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Wed Apr 29th, 2009 at 06:45:25 AM EST
[ Parent ]
Except they'll just redefine incompetence as the new competence, call you names for being both French and European, and that will be that.

Blistering but measured ridicule might be more effective than careful factual debunking.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Wed Apr 29th, 2009 at 08:25:06 AM EST
[ Parent ]
... a branch of mathematics, hiding under the cloak of scientism?


I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
by BruceMcF (agila61 at netscape dot net) on Wed Apr 29th, 2009 at 12:54:39 PM EST
[ Parent ]
It's not very good as mathematics, either...

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith
by Migeru (migeru at eurotrib dot com) on Wed Apr 29th, 2009 at 12:55:38 PM EST
[ Parent ]
... who'd say a rock group tribute band is not as good as the original.

Seriously, there is some very high level economic modeling would be suitable for a Masters in Mathematics. Though when there is nothing there but the math, I guess that scoffers might ... uhh, scoff.


I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Wed Apr 29th, 2009 at 01:04:03 PM EST
[ Parent ]
They are doing economics as an ideology, by hiding under the cloak of science.

Oooooooh the irony!

The natural scientist must be a modern materialist, a conscious adherent of the materialism represented by Marx, i.e., he must be a dialectical materialist.

- V.I. Lenin.

:: ::

Which just goes to show that ideology is a circle; stray too far into the wastelands of the left and you'll end up in the wastelands of the right, and vice versa.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid (arvid.hallen at gmail.com) on Wed Apr 29th, 2009 at 01:32:17 PM EST
[ Parent ]
Starvid:
Which just goes to show that ideology is a circle
Or, in a "political compass" model, a sphere with a single point at infinityidiocy.

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith
by Migeru (migeru at eurotrib dot com) on Wed Apr 29th, 2009 at 01:34:46 PM EST
[ Parent ]
A sphere?

Have they added a third dimension to it, beyond right<->left and anarchistic<->authoritarian?

(Or whatever they used to call it)

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid (arvid.hallen at gmail.com) on Wed Apr 29th, 2009 at 01:36:45 PM EST
[ Parent ]
The surface of one.

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith
by Migeru (migeru at eurotrib dot com) on Wed Apr 29th, 2009 at 02:32:35 PM EST
[ Parent ]
Jerome a Paris:
They are doing economics as an ideology, by hiding under the cloak of science.

one step further: they're cloaking a modus operandi with an 'ideology' (bow head before grand poobahs), further dressed up as 'science'.

and the motive is all, namely take as much, give as little as you can

the more you profit the cleverer you are, you may be a human rat, but you're such a clever little rat just the same...

it's a creed, change the first letter and you have it's real name.

~Government budget deficits are not nearly as dangerous as the deficits we have created in vital and complex natural systems.~ Naomi Klein.

by melo (melometa4(at)gmail.com) on Thu Apr 30th, 2009 at 07:07:50 PM EST
[ Parent ]

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