GhostOnTheHalfShell

GhostOnTheHalfShell OP , 3 days ago

@economics@a.gup.pe @economics @academicchatter

epistemology is dead wrt to public policy, this includes climate related economic policies. It has already eaten into public health (see covid response) and other topics.

GhostOnTheHalfShell OP , 2 days ago

@economics@a.gup.pe @economics @academicchatter

on a paper that expresses the same sense I came to of MF methodology with rich critique that MF cared about assumptions..

“ One can only speculate as to why economists have routinely overlooked the discrepancy between Friedman’s thought and practice which I am about to highlight.” - Marcos Picchio

That’s easy, simply look to the lack of self reflection of Milton’s advertised methodology itself. They don’t care to look.

GhostOnTheHalfShell OP , 2 days ago

@economics@a.gup.pe @economics @academicchatter

Even 3 year olds care about causality. They care whether someone’s acts harm another intentionally, say if they drop a brick on someone’s head, or from circumstance, say if they got pushed and that pushed over a brick from above. Epistemology is fundamental to moral judgement and is the fundamental element of critical faculty. The F-Twist should be mocked as an ask that we be cuckolds.

Children are not that gullible but adults are.

GhostOnTheHalfShell OP , 2 days ago

@phaedral @economics@a.gup.pe @economics @academicchatter

Of course. There are economists that repudiate them, but guess which school heads university departments?

GhostOnTheHalfShell , 1 month ago

@meganL @disability

I look at AI and think it’s going even bigger than the dot.com crash. Since everyone is already laid off, I can only hope it means big platforms simply implodes

GhostOnTheHalfShell , 1 month ago

@figstick @histodons @academicchatter @academiccommunity @academicsunite @israel @palestine

shit. :ablobcatknitsweats:

GhostOnTheHalfShell OP , 1 month ago

@economics@a.gup.pe
@academicchatter

“ Sharpe continued with a half-hearted defence of these manifestly false assumptions, using a distorted rendition of Friedman's methodological claim that a theory cannot be tested by its assumptions (Friedman 1953):

.. However, since the proper test of a theory is not the realism of its assumptions but the acceptability of its implications,..”

really, wrap your heads around mainstream economics dept. They count themselves scientific

GhostOnTheHalfShell OP , 1 month ago

@economics@a.gup.pe

“ Finance, and banking, and macroeconomics, are therefore integrated topics: they cannot be treated as separate domains, as Neoclassical treats them. My focus in this book is on how macroeconomics and the theory of banking need to be overhauled, and a similar overhaul is needed of finance theory.”

🧵

GhostOnTheHalfShell OP , 1 month ago

@economics@a.gup.pe
@academicchatter

“ I won't attempt that here, but fortunately, that process has been started by a group of mathematicians in the London Mathematical Laboratory. They are developing what they call "Ergodicity Economics" to replace the existing theory of finance.”

GhostOnTheHalfShell OP , 1 month ago

@wdjorth @academicchatter @economics@a.gup.pe

It is easily closer to hate. At the very least, contempt. And neither is incompatible with narcissism and can be an aspect of it.

Billionaires spend hundreds of millions of dollars per year to dismantle the republic and ruin people's lives in debt bondage and have done so for 50 years.

The sole reason for the Koch network is to have the US ruled by plutocracy.

https://m.youtube.com/watch?v=issmDdjBa5w

GhostOnTheHalfShell , 1 month ago

@manisha @academicchatter

Senator Whitehouse is a national treasure.

We need to refund universities and free them from corporate influence

GhostOnTheHalfShell , 1 month ago

@dlakelan

It’s broadening to learn about entirely different economies. I studied S American archeology in college. The Inca empire was hardly “nice” but their economic system itself is prevalent in central and southern traditional cultures. It may be considered intrinsic the tribal economics.

@anthropology ?

It was a system of corvée.

https://en.wikipedia.org/wiki/Economy_of_the_Inca_Empire

GhostOnTheHalfShell OP , 1 month ago

@economics@a.gup.pe @academicchatter

"Economics could be a radically different—and even useful—social science if it absorbed, rather than deflected, the criticisms that David [David Graeber] made of it. But it never will, because the core elements of the Neoclassical paradigm are antithetical to the evolutionary foundations of genuine social sciences like Anthropology and Sociology."

GhostOnTheHalfShell OP , 1 month ago

@economics@a.gup.pe @academicchatter

"More than 40 pages and over 17,000 words later, it closed with:

"Economics has been successful because, above all, economics is a science. The discipline emphasizes rational behavior, maximization, trade-offs, and substitution, and insists on models that result in equilibrium."

Notice how Lazear engages in a logical fallacy here. He's muddling rational behavior of the discipline with its subject of study.

🧵

GhostOnTheHalfShell OP , 1 month ago

@economics@a.gup.pe @academicchatter

They insist on equilibrium for dynamic systems of dimensions > 3, a profoundly false description of complex systems.

These are the authority figures for public economic policy because business and politicians are taught this flat-earth, geocentric idea of human economy and behavior

GhostOnTheHalfShell OP , 1 month ago

@economics@a.gup.pe @academicchatter

"I never expected David's well-documented evidence that barter-based societies were mythical to convince Neoclassical economists to abandon the myth, because without that myth, their entire paradigm unravels. "
..
🧵

GhostOnTheHalfShell OP , 1 month ago

@economics@a.gup.pe @academicchatter

"But David's work did strengthen the resolve of, and improve the analysis done by, the subsets of critical economists to which I belong: the Post-Keynesians, the Evolutionary Economists, the Biophysical Economists, and Modern Monetary Theorists. We frequently find ourselves referring to David's work when we attack the myth of barter, and his work has also had a creative impact upon us."

GhostOnTheHalfShell , 2 months ago

@ml @academicchatter

the animus goes much deeper. Pure rage, fear and contempt of public prosperity spawned collective action by wealth in the 70s that continues to this day. They have spent hundreds of millions of dollars every year to shape America as it is today, embodied by the Koch network. Sheer contempt for a better life for all of us is their religion.

https://m.youtube.com/watch?v=issmDdjBa5w

GhostOnTheHalfShell , 2 months ago

@figstick @ml @academicchatter

The decision to finance higher education through debt was a very deliberate act. Both Nixon and Reagan participated. The same economic advise originating from the likes of M Friedman put universities on a commercial footing.

https://theintercept.com/2022/08/25/student-loans-debt-reagan/

GhostOnTheHalfShell OP , 2 months ago

@economics@a.gup.pe @academicchatter

the change they insisted on, regarding public financing, is the money is now routed thru your student loans and preferred research by the dictates of university revenue flows. In all cases, instead of direct funding, the rich and business now takes their “rightful” cut, they one they insist they are entitled to.

GhostOnTheHalfShell , 2 months ago

@koen_hufkens @academicchatter

If you get paid too much then you won’t be desperate enough to write those commodity grant applications and the university admins would miss their bonus milestones in order to survive?

GhostOnTheHalfShell , 2 months ago

@samohTmaS @Alexlee @academicchatter

Sadly, you didn’t grasp the essence of what I said.

GhostOnTheHalfShell , 2 months ago

@samohTmaS @thelovebing @Alexlee @academicchatter

Moral Minds argues against this. Emotion and reason are tied together in very intimate and subtle ways.

To argue that "tribal over there" in the land of darkness and unreason and "logic" over here in the land of light, is ironically kinda tribal.

GhostOnTheHalfShell , 2 months ago

@samohTmaS @Alexlee @academicchatter

I understand where you're coming from. It's the very valid ethical issue that manipulation is bad. This is why I think Aristotle's quote is useful here, the Greeks if anything were immensely well versed in rhetoric, as a national sport.. :flan_wink:

Referring again to the long tradition of those who marshalled social change, the rational arguments must be of good faith. At this point, moral sentiments are rightly marshalled.

🧵

GhostOnTheHalfShell , 2 months ago

@samohTmaS @Alexlee @academicchatter

This is what made Roger Hallam's interview with Novara so interesting, 'his' recipe is:

1. are you credible
2. what's does it mean (this is where moral sentiments come in)
3. what should be done

consider WWII: Nazis purposely killed millions in their camps, this was murder, their crimes against humanity must end

GhostOnTheHalfShell , 2 months ago

@samohTmaS @Alexlee @academicchatter

I am also going to say, I think it's not simple either.. it's subtle and, at best, I can say I know it's there.

GhostOnTheHalfShell , 2 months ago

@samohTmaS @thelovebing @Alexlee @academicchatter

True but I think the epic orators had the talent to shift people between modes. In a way the book I refer to (Moral Minds) is interesting (if very long) in that regard.

Within limits, emotion can be used to shift to logical thinking because emotion is never absent from humanity anyway.

GhostOnTheHalfShell , 2 months ago

@samohTmaS @Alexlee @academicchatter

Well documented. Maxwell mentions this in his diary (pointed out to me by someone)

From the engineering side, I want to make one note: the majority of the most pitched battles in engineering revolve around different mental models and assumptions made over a project. More than a few sharp people noted, to me, that having people describe the problem in their own words can work wonders dispelling acrimony.

It's difficult if reputations are involved.

GhostOnTheHalfShell , 2 months ago

@samohTmaS @Alexlee @academicchatter

In short, people not only work under different assumption, but may also have unstated concerns or issues facing them, and they are not malign but very practical.

GhostOnTheHalfShell , 2 months ago

@thelovebing @Alexlee @academicchatter @samohTmaS

If you don't even know the material yourself, you're going to evaluate how?

In any case, those who have rallied people to social change work in the emotive sphere. It's all rather well documented.

GhostOnTheHalfShell , 2 months ago

@Alexlee @samohTmaS @academicchatter

Truth is and always was a tiny fraction of people's outlook, the bulk is moral sentiments and the behavior shaped in response to it along with habit.

The most depressing element of conservatism is its deliberate erosion of all the arguments made for republics and the modern state, themselves somewhat imperfect solutions and the product of centuries of bloody conflict in Europe.

GhostOnTheHalfShell , 2 months ago

@samohTmaS @Alexlee @academicchatter

and that's where the deft high EQ individual can work magic. The super salesman effectively convinces his clients that it's all their idea. That's a talent.

GhostOnTheHalfShell , 2 months ago

@thelovebing @Alexlee @samohTmaS @academicchatter

So then the studies of infants and toddlers performed to tease out when their theories of mine generally come online and all that, when they can model agency, then intention and where structure of moral judgement comes online..

GhostOnTheHalfShell , 2 months ago

@samohTmaS @Alexlee @academicchatter

Enter in quote from Sinclair and salaries. WRT to radiation.. we can't really escape expsoure.

GhostOnTheHalfShell , 2 months ago

@samohTmaS @Alexlee @academicchatter

There is a difference between deception and pathos.

GhostOnTheHalfShell , 2 months ago

@samohTmaS @Alexlee @academicchatter

One round of jury duty involved a civil case of a man suffering from asbestosis. Terminally ill. I got a dose of information on that topic, if you'll pardon the pun.

GhostOnTheHalfShell , 2 months ago

@samohTmaS @TEG @Alexlee @academicchatter

It is but one tool, a very flawed tool, used in science to elucidate truth.

True because the mistaken description implies reliance on perfection and 'reason' of those involved. Things work better in good faith, but then Sinclair and salaries.

GhostOnTheHalfShell , 2 months ago

@samohTmaS @Alexlee @academicchatter

As is logic, then we get into axioms and definitions.