tag:blogger.com,1999:blog-4900303239154048192.post34747012693619378..comments2024-03-06T06:34:42.881-05:00Comments on EconoSpeak: The Great AwokeningUnknownnoreply@blogger.comBlogger5125tag:blogger.com,1999:blog-4900303239154048192.post-88158703552485719232017-12-05T06:28:24.822-05:002017-12-05T06:28:24.822-05:00Economists rude awakening
Comment on Peter Dorman ...Economists rude awakening<br />Comment on Peter Dorman on ‘The Great Awokening’<br /><br />There are TWO economixes: political economics and theoretical economics. The main differences are: (i) The goal of political economics is to successfully push an agenda, the goal of theoretical economics is to successfully explain how the actual economy works. (ii) In political economics anything goes; in theoretical economics, the scientific standards of material and formal consistency are observed.<br /><br />Economics claims to be a science but is NOT. Theoretical economics (= science) had been hijacked from the very beginning by political economists (= agenda pushers). Political economics has produced NOTHING of scientific value in the last 200+ years.<br /><br />From Adam Smith/Karl Marx up to the “Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel” economists claim that their economic policy guidance has ― in contrast to those of politicians, cranks, demagogues, preachers, snake-oil sellers, agitators, impostors, etcetera ― scientific foundations.<br /><br />Fact is that there is NO greater embarrassment in the history of modern science than economics. The four main approaches ― Walrasianism, Keynesianism, Marxianism, Austrianism ― are mutually contradictory, axiomatically false, materially/formally inconsistent, and all got the foundational concept of the subject matter ― profit ― wrong. What we actually have is the pluralism of provably false theories.<br /><br />Both orthodox and heterodox economics is scientifically unacceptable. Because of this, economics has nothing to offer in the way of a well-founded advice: “In order to tell the politicians and practitioners something about causes and best means, the economist needs the true theory or else he has not much more to offer than educated common sense or his personal opinion.” (Stigum)<br /><br />Fact is that economics has by now degenerated to pure political agenda pushing. A short visit of the econoblogosphere suffices to realize that economic content has virtually evaporated:<br />• Tolerance And Terrorism In Saudi Arabia#2<br />• John Davidson’s Bad Faith Defense of General Kelly#3<br />• If we treat plutocracy as democracy, democracy dies#4<br />• Republican Class Warfare: The Next Generation#5<br /><br />Since the founding fathers, economists violate the principle of the separation of science and politics. Economics is what Feynman famously called a cargo cult science.#6<br /><br />Economics is currently completing its career from failed science to fake science to political fraud.#7 It is time now to expel economists officially from the sciences. The first step is to abolish the fake economics Nobel.<br /><br />Egmont Kakarot-Handtke<br /><br />#1 Why is economics such a scientific embarrassment?<br />https://axecorg.blogspot.de/2017/09/why-is-economics-such-scientific.html<br /><br />#2 EconoSpeak<br />http://econospeak.blogspot.de/2017/11/tolerance-and-terrorism-in-saudi-arabia.html<br /><br />#3 Uneasy Money<br />https://uneasymoney.com/2017/11/05/john-davidsons-bad-faith-defense-of-general-kelly/<br /><br />#4 mainly macro<br />https://mainlymacro.blogspot.de/2017/12/if-we-treat-plutocracy-as-democracy.html<br /><br />#5 Economist’s View<br />http://economistsview.typepad.com/economistsview/2017/11/paul-krugman-republican-class-warfare-the-next-generation.html<br /><br />#6 What is so great about cargo cult science? or, How economists learned to stop worrying about failure<br />https://axecorg.blogspot.de/2017/05/what-is-so-great-about-cargo-cult.html<br /><br />#7 For details see cross-references Political economics<br />http://axecorg.blogspot.de/2015/07/incompetence-cross-references.htmlAXEC / E.K-Hhttps://www.blogger.com/profile/10402274109039114416noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-68131518789259965772017-12-04T13:39:56.078-05:002017-12-04T13:39:56.078-05:00Religion is ideal. He who has ears to hear let him...Religion is ideal. He who has ears to hear let him hear. (OTH: many are called but few are chosen.) 🙁<br /><br />The French Revolution was based on idealism: liberty, equality, fraternity. The American Revolution was based on recognizing that people will be in factions after each others’ throats — and that balancing power between them was the most likely way to get good results down here on earth.<br /><br />Europe is doing a good job of this lately. America has fallen impossibly behind in balancing power in favor of the majority of us: 6% labor union density in the non-government economy equates to 20/10 blood pressure — it starves every healthy democratic process.Denis Drewhttps://www.blogger.com/profile/11833367196756465896noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-87442119983544814562017-12-04T10:48:37.786-05:002017-12-04T10:48:37.786-05:00This ideal of mental purity and consciousness clea...This ideal of mental purity and consciousness cleansing is an indicator for the worst elements of the right and left. They're fundamentally imbalanced and easily unhinged by their desire and longing for this false need. If you have enlightenment, you don't need to think and make choices for which you are responsible.Dannoreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-83756729148742395442017-12-04T08:52:58.304-05:002017-12-04T08:52:58.304-05:00Funny how the lunatics on the Right are yelling ex...Funny how the lunatics on the Right are yelling exactly the same thing about the power of the Left.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-76925769092529472772017-12-04T04:07:27.421-05:002017-12-04T04:07:27.421-05:00Want organizing? Join DSA.Want organizing? Join DSA.@BlogWoodhttps://www.blogger.com/profile/04489483690383252863noreply@blogger.com