tag:blogger.com,1999:blog-4900303239154048192.post2946732513466461127..comments2024-03-06T06:34:42.881-05:00Comments on EconoSpeak: Mathiness is Next to GrowthinessUnknownnoreply@blogger.comBlogger10125tag:blogger.com,1999:blog-4900303239154048192.post-55446125511864681222015-05-23T13:48:12.888-04:002015-05-23T13:48:12.888-04:00indubitably, blissex.
This can be proven mathema...indubitably, blissex. <br /><br />This can be proven mathematically. Since zero divided by any number is zero, marginal productivity equals zero and marginal revenue equals zero, it follows that mpr = mp.Sandwichmanhttps://www.blogger.com/profile/11159060882083015637noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-68464352867960975592015-05-23T04:16:02.671-04:002015-05-23T04:16:02.671-04:00«So how does the "built-in mechanism" th...«So how does the "built-in mechanism" that will spare us from resource exhaustion differ from precious bodily fluids.»<br /><br />This to me implies that you don't get the central truthiness of Economics, that income is directly and solely and uniquely determined by productivity absent government distortion.<br /><br />Thus mathiness of Economics does not say anything about the *absolute* level of income, nor about the specific distribution of income; those depend on assumptions about technology and resources and initial endowments od property, that are outside Economics.<br /><br />So Economics does not claim that there is any «"built-in mechanism" that will spare us from resource exhaustion», just that the resulting distribution of whatever income from the meager resources that will be left will be fair and deserved if government stays out of the way of the mathiness.<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-25899520576778851392015-05-19T21:44:05.077-04:002015-05-19T21:44:05.077-04:00Thanks for a good laughThanks for a good laughrun75441https://www.blogger.com/profile/03790826995006015721noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-43585488529908291322015-05-19T16:38:40.098-04:002015-05-19T16:38:40.098-04:00What happens in Waco, stays in Waco.What happens in Waco, stays in Waco.Sandwichmanhttps://www.blogger.com/profile/11159060882083015637noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-45276505520131776932015-05-19T15:43:37.348-04:002015-05-19T15:43:37.348-04:00It wouldn't be a substantive rumble. I'm i...It wouldn't be a substantive rumble. I'm imagining a faculty mixer like the following:<br /><br />Econ Prof A: Is that milk coming out of that man's nose?<br />Phil Prof A: A white russian, actually. He just found out the paper on the coffee table won a Nobel Prize.<br />Econ Prof A: Yeah. Pretty cool, huh? You guys don't get those.<br />Phil Prof A: You don't get it? He can't stop laughing. Actually, we all had a pretty good laugh.<br />Econ Prof A: Huh? You think we're funny? Are we clowns? Are we here to amuse you?<br />Phil Prof A: Uh oh.Thornton Hallhttps://www.blogger.com/profile/11402495641975262697noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-87642059464114427072015-05-19T01:27:16.535-04:002015-05-19T01:27:16.535-04:00"What I don't understand is why there isn..."What I don't understand is why there isn't a rumble between philosophy and economics."<br /><br />Would you get in a rumble with General Jack D. Ripper over his "precious bodily fluids" hypothesis? I love Robert Solow's admonition against not getting into a discussion of strategy at Austerlitz with someone who has delusions of being Napoleon. So how does the "built-in mechanism" that will spare us from resource exhaustion differ from precious bodily fluids. I await an answer from an economist. I am not holding my breath.Sandwichmanhttps://www.blogger.com/profile/11159060882083015637noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-33655581601457521612015-05-18T19:43:23.902-04:002015-05-18T19:43:23.902-04:00Also, "the lack of a time variable" is s...Also, "the lack of a time variable" is such a basic insight that it blows my mind that it is ignored.<br /><br />Without time, economics does not exist. Exchanges are things that require time. At any given moment the ontology of economics is the null set. Therefore equilibrium is nonsense. Not "maybe there are multiple equibria" or "maybe we should think about disequilibrium as well." No! It's all nonsense! How can people not recognize that? Thornton Hallhttps://www.blogger.com/profile/11402495641975262697noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-48979163085288032402015-05-18T19:36:48.890-04:002015-05-18T19:36:48.890-04:00Yay philosophy background!
What I don't under...Yay philosophy background!<br /><br />What I don't understand is why there isn't a rumble between philosophy and economics. <br /><br />More and more I am convinced that the critiques like Romer's or Georgescu-Roegen's must be faulty in some way given the persistence of economics in the face of the repeated volleys of this sort.<br /><br />I suspect they do not go deep enough. I strongly suspect that it's not an obsession with models or mathiness of models but simply models, full stop. I strongly suspect that the word model must be expunged completely before truth is even possible.Thornton Hallhttps://www.blogger.com/profile/11402495641975262697noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-25359369627172802582015-05-18T16:16:28.476-04:002015-05-18T16:16:28.476-04:00You're telling me?You're telling <i>me</i>?Sandwichmanhttps://www.blogger.com/profile/11159060882083015637noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-76062589875118492532015-05-18T15:19:02.849-04:002015-05-18T15:19:02.849-04:00As a new economics student with a previous educati...As a new economics student with a previous education in philosophy and then engineering, let me inform you that economics is a joke discipline. Your formulas often don't even have a time variable, the models are oversimplified and then assumed to take the place of reality, and your first year textbooks are childishly veiled Libertarian propaganda without even any references given to original papers.I Will Never Accept The Terms of Servicehttps://www.blogger.com/profile/09422355923256894207noreply@blogger.com