tag:blogger.com,1999:blog-2761684730989137546.post2767687125728010030..comments2024-03-28T07:50:06.102-04:00Comments on Mike Norman Economics: Greg Mankiw — First Thoughts on Pikettymike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-2761684730989137546.post-9070040176582395332014-04-27T23:14:24.954-04:002014-04-27T23:14:24.954-04:00These guys should all read some systems science?
...These guys should all read some systems science?<br /><br />No system can function without titrating the SUM adaptive potential of local PLUS aggregate feedback?<br /><br />It's year 2014 in the modern human era of nation states, and some people called "economists" are just NOW realizing that systems have to work as .... well .... systems?<br /><br />There are these other disciplines, with a rich & far more ancient history in that topic? Things like biology, biochemistry, physics, military doctrine, anthropology, ecology, autocatalysis, General Systems Theory.... even AI and computing networks? Even the PSTN & internet algorithms "know" that local+distant path feedback together identify optimal organization paths?<br /><br />All this Piketty discussion means to me is that the average economist is pathetically under (& too narrowly) educated.<br /><br />What happened to the simple concept of a "Liberal Education?"<br />Roger Ericksonhttps://www.blogger.com/profile/17515506247888521516noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-1680448133218099742014-04-27T14:24:49.283-04:002014-04-27T14:24:49.283-04:00Great quotes, y. I'll post them.Great quotes, y. I'll post them.Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-33422911338486349502014-04-27T14:22:18.839-04:002014-04-27T14:22:18.839-04:00Right, the argument is over the balance between li...Right, the argument is over the balance between liberty and law and order, which is the distinction between libertarianism at one extreme and authoritarianism at the other, and between personal freedom and cultural convention expressed as custom and tradition, which is the distinction between social liberalism and social conservatism, with radicals at one extreme and reactionaries at the other. The tension among these poles modulates historical change dialectically.<br /><br />A fundamental issue is the degree to which economic liberalism is compatible with political liberalism, and other is the degree to which social liberalism is compatible with cultural continuity. This implies a critique of the feasibility of alternatives.<br /><br />Different people fall into different quadrants and different positions within the quadrants, so it is impossible to find outcomes that please everyone. Therefore, the need to address the "tyranny of the majority" in a popular democracy. <br /><br />The way we do that now is through asymmetrical status, power, and wealth, tilting the playing field toward an elite.<br /><br />If the desire is to change this, the questions then become, what are the options, and what are the advantages and disadvantages of the anticipated outcomes.Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-12062969657313208432014-04-27T14:20:53.538-04:002014-04-27T14:20:53.538-04:00"All Property, indeed, except the Savage'..."All Property, indeed, except the Savage's temporary Cabin, his Bow, his Matchcoat, and other little Acquisitions, absolutely necessary for his Subsistence, seems to me to be the Creature of public Convention. Hence the Public has the Right of Regulating Descents, and all other Conveyances of Property, and even of limiting the Quantity and the Uses of it. All the Property that is necessary to a Man, for the Conservation of the Individual and the Propagation of the Species, is his natural Right, which none can justly deprive him of: But all Property superfluous to such purposes is the Property of the Publick, who, by their Laws, have created it, and who may therefore by other Laws dispose of it, whenever the Welfare of the Publick shall demand such Disposition. He that does not like civil Society on these Terms, let him retire and live among Savages. He can have no right to the benefits of Society, who will not pay his Club towards the Support of it."<br /> <br />Benjamin Franklin, Benjamin Franklin to Robert Morris, 25 Dec. 1783<br /><br />http://press-pubs.uchicago.edu/founders/documents/v1ch16s12.html<br /><br />"Private Property therefore is a Creature of Society, and is subject to the Calls of that Society, whenever its Necessities shall require it, even to its last Farthing; its Contributions therefore to the public Exigencies are not to be considered as conferring a Benefit on the Publick, entitling the Contributors to the Distinctions of Honour and Power, but as the Return of an Obligation previously received, or the Payment of a just Debt."<br /> <br />Benjamin Franklin, Queries and Remarks respecting Alterations in the Constitution of Pennsylvania, 1789<br /><br />http://press-pubs.uchicago.edu/founders/documents/v1ch12s25.html<br /><br />"While it is a moot question whether the origin of any kind of property is derived from Nature at all … it is considered by those who have seriously considered the subject, that no one has, of natural right, a separate property in an acre of land … Stable ownership is the gift of social law, and is given late in the progress of society." <br /><br />Thomas Jefferson, Thomas Jefferson to Isaac McPherson, 13 Aug. 1813<br /><br />http://press-pubs.uchicago.edu/founders/print_documents/v1ch16s25.htmlyhttps://www.blogger.com/profile/03233997168975370006noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-41336831648533290282014-04-27T14:00:06.794-04:002014-04-27T14:00:06.794-04:00The political solution need be a compromise betwee...The political solution need be a compromise between the extremes. The majority of people need to find that distribtion just and respectful of basic principles of property such that the government can maintain the appearance of authority and rule of law by means other than security forces.Ryan Harrishttps://www.blogger.com/profile/04815033054435303399noreply@blogger.com