Where on Earth have these people BEEN for 150 years?
Let alone 4000 years?
Show me anything between social-to-subatomic processes that are not hemmed in by regulatory tolerance limits.
BMHOTK!
The very fact that this topic has to be RE-introduced by aging grandparents today, in the AFTERMATH of court cases over disastrous behaviors ... scares the hell out of me.
Are we doomed? Can survive ourselves? Not looking good at this pace.
"If you're worried that lions are eating too many zebras, you don't say to the lions, 'You're eating too many zebras.' You have to build a fence around the lions. They're not going to build it."Ya think?
Judge Richard Posner Questions His Free-Market Faith In "A Failure Of Capitalism"
Show me anything between social-to-subatomic processes that are not hemmed in by regulatory tolerance limits.
BMHOTK!
The very fact that this topic has to be RE-introduced by aging grandparents today, in the AFTERMATH of court cases over disastrous behaviors ... scares the hell out of me.
Are we doomed? Can survive ourselves? Not looking good at this pace.
5 comments:
Greenspan admitted that the presumption of rationality fooled him. it. He never dreamed that the masters of the universe would be so irrational as to kill the goose that laid the golden egg.
But if the truth be known, the masters of the universe were not acting irrationally at all. They knew that government would bail time out in the end because they held the power when push came to shove, and in the end they would be better off for it.
Greenspan admitted that both BEFORE and AFTER he was paid to not admit it.
That makes him nothing but a treasonous weasel that never should have been allowed near a public policy office of ANY sort.
Again, define "rational."
If you're talking about self-centered sociopaths, you can define their actions as rational FOR THEIR narrow use.
For a non-deranged member of a social species, sociopath behavior is decidedly NOT rational.
To have a useful semantic discussion we have to constantly and carefully define our terms ... in each sentence.
Why, because the relevance of given semantics can change with every sentence linked to every context & sub-context.
"If you're talking about self-centered sociopaths, you can define their actions as rational FOR THEIR narrow use."
Unfortunately, this is the definition of homo economics that conventional economists use. They assume that all behavior is "rational" and everything goes as long as one is not convicted of a crime. Notice that individuals are seldom indicted and corporation settle without admitting guilt. It's all part of the game and economists model the game according to the rule of the game, i.e., pursuit of max u is rational.
drives home how deranged this context & profession is
orthodox economics is more trouble than it's worth? By far?
I name them Homo Economicuss
I'm sure you've noticed the constantly repeated excuse for bad behavior, "I did do anything illegal," meaning, "I have not been convicted of a crime." That's the boundary. Everything inside it is "rational" if it involves pursuit of max u.
Not even dumb. Sociopathic.
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