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From: Arindam Banerjee on 18 Jul 2010 23:28
On Jul 19, 1:30 pm, Michael Coburn <mik...(a)verizon.net> wrote:
> On Sun, 18 Jul 2010 19:56:53 -0700, Arindam Banerjee wrote:
> > On Jul 19, 8:50 am, Michael Coburn <mik...(a)verizon.net> wrote:
> >> On Sun, 18 Jul 2010 01:57:44 -0700, Arindam Banerjee wrote:
> >> > On Jul 18, 2:38 pm, Michael Coburn <mik...(a)verizon.net> wrote:
> >> >> On Sat, 17 Jul 2010 16:49:23 -0700, Arindam Banerjee wrote:
> >> >> > On Jul 16, 5:00 pm, Michael Coburn <mik...(a)verizon.net> wrote:
> >> >> >> On Thu, 15 Jul 2010 22:43:54 -0700, Arindam Banerjee wrote:
> >> >> >> > On Jul 16, 1:38 pm, Michael Coburn <mik...(a)verizon.net> wrote:
> >> >> >> >> On Thu, 15 Jul 2010 07:25:00 -0500, John Stafford wrote:
> >> >> >> >> > In article
> >> >> >> >> > <c535c1d7-c47a-4f44-
>
> >> >> a4fb-5e85dc7d1...(a)p22g2000pre.googlegroups.com>,
>
> >> >> >> >> >  Immortalist <reanimater_2...(a)yahoo.com> wrote:
>
> >> >> >> >> >> [...]
> >> >> >> >> >> Why do people trust economics as much as physics when it is
> >> >> >> >> >> based upon such weak research methods comparatively.
>
> >> >> >> >> > Do people really believe economics is a science? I do not.
> >> >> >> >> > Nor does anyone I know (and I work in academe).
>
> >> >> >> >> If those in academe think economics is not a science then it
> >> >> >> >> is small wonder we are producing such poor economists.
>
> >> >> >> >> > If someone wants a laugh, look to the title Political
> >> >> >> >> > Science!
>
> >> >> >> >> Political economy is about rules of order that produce the
> >> >> >> >> most prosperous middle class.  That is a social science.
>
> >> >> >> >> --
> >> >> >> >> "Senate rules don't trump the Constitution"
> >> >> >> >> --http://GreaterVoice.org/60
>
> >> >> >> > Economics is 10% dogma, 10% fraud and 80% politics, all wrapped
> >> >> >> > up in murky maths geared to provide "scientific" results of the
> >> >> >> > payer's choosing.  Its most reputable relation is astrology,
> >> >> >> > less reputable ones include voodoo (Bush called Reagonomics
> >> >> >> > voodoo economics, was he right?).
>
> >> >> >> First principles:
>
> >> >> >> 1.  Man seeks to satisfy his needs and desires with as little
> >> >> >> discomfort to himself as possible.
>
> >> >> > Doesn't explain lots of things for lots of men (and women), but
> >> >> > correct for the dull majority.  Hoewever the majority amounts to
> >> >> > maintaining the status quo, the minority takes things front or
> >> >> > back.
>
> >> >> >> 2.  There really aren't in other first principles.
>
> >> >> > So look at it much more carefully, for it is wrong.
>
> >> >> I've looked at it for a very long time.  And it is the fundamental
> >> >> proposition of all _real_ economics.  There are other things that
> >> >> matter to people.  But those things have nothing to do with
> >> >> economics.
>
> >> > Define economics, then.
>
> >> The formulation of societal rules that maximize material well being.
>
> > Since for me, economics means whatever it takes to determine the price
> > of a saleable commodity, we cannot argue any more.
>
> \
> I was never "arguing".  It is what it is.

Of course. Just that we cannot agree on what it is.
>
> --
> "Senate rules don't trump the Constitution" --http://GreaterVoice.org/60- Hide quoted text -
>
> - Show quoted text -

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