An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Monday, February 24, 2014
Lynn Stuart Parramore — Economics Has a Surprising Mental Disorder
Psychoanalyzing the economists to account for their fetish over models that don't work because the assumptions are unrealistic.
I'm glad a female wrote this.... but I have been observing the same things for a while... especially the general lack of female involvement....
and this is interesting: "if you’re inclined to view the world from a mathematical perspective, you expect to see regular patterns and correlations that hold true no matter what. Like atoms or objects falling in space. You tend to think that society, like nature, should operate according to mechanistic laws."
Is this not simply Darwinism in general?
so if you are a Darwinist, why is this then surprising when people conduct themselves this way? why all the indignation?
Why not just think that the 1% could be about to branch off into another superior species by mathematical random chance... like a "big bang"...
That's been obvious to many of us for some time, but nice to see someone writing an article about "model-mania".
ReplyDeleteI'm glad a female wrote this.... but I have been observing the same things for a while... especially the general lack of female involvement....
ReplyDeleteand this is interesting: "if you’re inclined to view the world from a mathematical perspective, you expect to see regular patterns and correlations that hold true no matter what. Like atoms or objects falling in space. You tend to think that society, like nature, should operate according to mechanistic laws."
Is this not simply Darwinism in general?
so if you are a Darwinist, why is this then surprising when people conduct themselves this way? why all the indignation?
Why not just think that the 1% could be about to branch off into another superior species by mathematical random chance... like a "big bang"...
rsp,
Physics envy, obsession with curves…..
ReplyDelete