Who's tugging your aggregate's policy? To where? And WHY?
Jim Valensi writes: Social theory vs Un-Social Outcomes (Ok, it gets a bit smarmy, but the message starts out well.)
Well duh! This is both tragic & comical. Can't see an operation for the theory? Economists have forgotten that behind all the theory, there are real people there?
The fact that people even have to be told the obvious ... questions the changing meaning of what really is obvious!
When the obvious is no longer obvious, what does that say about the observers? Can't see a context for the operations? So they make up a bunch of BS theory, and theorize that it needn't be tested against real outcomes? Sounding more orthodox all the time! Anything to sell more theory, and tools. (Oh yes, don't forget to blame the stagehands for accepting the script. They just used to work ... here & elsewhere.)
All tools, math & theory ... and forgotten operations? Why ... THAT SOUNDS LIKE ECONOMICS!!!!
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