In 1929 [Leslie] White ... realized that socialism was the alternative to capitalism, which was in serious trouble through the 1930s.Now THAT is academic infighting! :) Wow! Would that still be classified as criticism today? Sadly, yes, in many circles, for diverse reasons.
A critical attack from Maxim Gorky, claiming that White was not a Marxist and not a Communist but a bourgeois evolutionary scientist who dealt with human problems only through science"
How do you get people to explore their options?
Well, first you have to circumvent their life-threatening taboos.
I'm liking this Leslie White. Sounds like he recognized how deeply our processes were flawed, but never quite figured out how to do anything objective about it.
What tipped him off? One hundred thousand years of exquisitely adaptive & evolving tribalism?
What do you do when you subconscious tells you that NOTHING we are doing currently is accelerating selection, and instead is only building up surplus diversity .... which we may, might, SOMEDAY, maybe actually select from?
What'd Walter Shewhart say? That data minus context is meaningless?
Then simple algebraic substitution leaves us with the following:
You want a case in point?
Let's start with the axiom that adaptive rate is always the rate-limiting issue, in every profession, within every culture.
So, in all seriousness, what avenues and methods would have triggered a far faster change in economic textbooks, teaching and policy advice?
Note that the recent Bank of England summary of operational reality came 81 years after Marriner Eccles finally took the USA off the gold-std and completely reinvented the FED.
81 years? Seriously?
We'd still be working on the Atomic bomb if physicists worked that slowly!
Some university physics departments probably wouldn't even be teaching relativity or quantum mechanics yet!
If other disciplines shared information that slowly, half of practitioners in relevant fields wouldn't know about DNA, or turbo-charged engines, or autism ... or most other operational advances.
Didn't the UK go off the gold-std a few years before the USA did? I have no idea how much the BoE changed, relative to FED adaptations. Given that the UK also went to a fiat currency, the main adaptations were presumably similar, from the get-go?
Personally, I think that that the topic of Adaptive Rate in Academic Economics is deserving of one helluva serious review paper, targeting the state of economics education. Objectively measured, it's adaptive rate might be honestly estimated at near zero.
Plus, trying to standardize academic economics research & teaching across national policy regimes is mal-adaptive, by definition.
What do you do when you subconscious tells you that NOTHING we are doing currently is accelerating selection, and instead is only building up surplus diversity .... which we may, might, SOMEDAY, maybe actually select from?
What'd Walter Shewhart say? That data minus context is meaningless?
Then simple algebraic substitution leaves us with the following:
"Diversity minus selection is meaningless."
You want a case in point?
Let's start with the axiom that adaptive rate is always the rate-limiting issue, in every profession, within every culture.
So, in all seriousness, what avenues and methods would have triggered a far faster change in economic textbooks, teaching and policy advice?
Note that the recent Bank of England summary of operational reality came 81 years after Marriner Eccles finally took the USA off the gold-std and completely reinvented the FED.
81 years? Seriously?
We'd still be working on the Atomic bomb if physicists worked that slowly!
Some university physics departments probably wouldn't even be teaching relativity or quantum mechanics yet!
If other disciplines shared information that slowly, half of practitioners in relevant fields wouldn't know about DNA, or turbo-charged engines, or autism ... or most other operational advances.
Didn't the UK go off the gold-std a few years before the USA did? I have no idea how much the BoE changed, relative to FED adaptations. Given that the UK also went to a fiat currency, the main adaptations were presumably similar, from the get-go?
Personally, I think that that the topic of Adaptive Rate in Academic Economics is deserving of one helluva serious review paper, targeting the state of economics education. Objectively measured, it's adaptive rate might be honestly estimated at near zero.
Plus, trying to standardize academic economics research & teaching across national policy regimes is mal-adaptive, by definition.
