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I'm not sure that incoherence is the problem with NCE: I suspect it follows quite coherently from its assumptions.

The problem is that NCE is based upon the complete bollocks assumptions necessary to lead to policy outcomes which suit those who fund NCE.

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Sun Dec 20th, 2009 at 05:13:24 PM EST
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I think TGB's point would have been clearer had he said that NCE does not have to be congruent with reality. That is the real problem, not that it is incoherent, though much of it is, but that it is incongruent with the way things actually work.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sun Dec 20th, 2009 at 10:17:51 PM EST
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