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Friday, January 20, 2006

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kmb

When fish stocks become depleted due to overfishing we turn to fisheries biologists to suggest policies to restore the fish population. When an economic depression occurs to whom should we turn to ask how best to restore economic balance? Apparently not economists, if the above passage is any indication of the authors' sentiments. This is not a demotion for economists, it is an abdication of responsibility. 'Social engineering' is what governments do every day. It is not economists that are guilty of wanting to have a degree of social control, this has been a desire of people ever since Adam and Eve wanted the security of a dry cave and a steady food supply. Social control is not something to be derided as 'false scientism.' Economists have a responsibility to advise governments on how best to avoid problems and promote the social welfare. I don't see how economists can do that if the proper scope for the profession is limited to drawing inferences about a 'make believe' world. If that is the best economists can do, then I agree that the field of economics should be dissolved and governments should consult astrologers instead. I'm obviously pining for the days of the Reagan administration...

Arthur Eckart

The scientific method of NeoClassical economics is an unbiased methodology. Consequently, many economists are competent to actually make moral judgments. Unfortunately, there are many economists driven by political or corporate influences. Fortunately, most Americans, who are better educated and understand morality better than other societies, see and reject biased views. History has shown most Americans embrace moral philosophies, rather than social philosophies, and the U.S. typically adopts or enacts moral policies. After all, it's the philosophy and policies of a country that makes it successful or unsuccessful.

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It's all coming down and Obama and the American people are simply going to get stuck with it. The best thing we can hope for are plenty of trials and lots of jail time! A few hangings might go a long way in providing some amount of satisfaction too. We at least know that people won't be living under bridges and in Hoovervilles, the camps are already built.

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' Economists have a responsibility to advise governments on how best to avoid problems and promote the social welfare. I don't see how economists can do that if the proper scope for the profession is limited to drawing inferences about a 'make believe' world. If that is the best economists can do, then I agree that the field of economics should be dissolved and governments should consult astrologers instead. I'm obviously pining for the days of the Reagan administration...

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I think, this theme is quite actual now. It's all coming down and Obama and the American people are simply going to get stuck with it. The best thing we can hope for are plenty of trials and lots of jail time! A few hangings might go a long way in providing some amount of satisfaction too. We at least know that people won't be living under bridges and in Hoovervilles, the camps are already built.

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Thanks for this post! It's all coming down and Obama and the American people are simply going to get stuck with it. The best thing we can hope for are plenty of trials and lots of jail time! A few hangings might go a long way in providing some amount of satisfaction too. We at least know that people won't be living under bridges and in Hoovervilles, the camps are already built.

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I think, this theme is quite actual now. If that is the best economists can do, then I agree that the field of economics should be dissolved and governments should consult astrologers instead. I'm obviously pining for the days of the Reagan administration..

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our economy is in chaos with no control and our Gov is protecting this chaos.

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