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  • Posted by Lucky 7 years, 9 months ago
    "When I ask economists for suggestions, the answer always boils down to bribing people." [1]

    When economics is defined as the study of the allocation of scarce resources, then this is the only response,
    take money from the wrong people, then give it to the right people.

    Our dbh takes a different tack, the above definition is not denied but relegated to one of several including pricing, productivity, and above all, the question of, how to increase the size of the pie?
    That is, where does economic growth come from?
    dbh challenges the idea that economics is a social science and anything goes, do what you want.
    Consider, you have objectives of a high and increasing standard of living, individual freedom, and property rights. Do these conflict, or work together?

    I would like to see more discussion on this.
    Many Gulch threads are entertaining and we, well me anyway, cannot resist joining in the fun.
    But the proposition of dbh is at the core of the Gulch, it needs more refinement, clarification, and examples.
    I hope to see this book widely read, and even getting attacked as the rejoinders will help selling the ideas.

    --------------
    [1] UK physicist Sir Christopher Llewellyn Smith as quoted in the UK Spectator, 14 Jan 2017.
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  • Posted by lrshultis 7 years, 9 months ago
    Please use prepositions explicitly rather than you sometimes do only implicitly. The reader should not have to stop and redo your wording to make it meaningfully readable.
    You are not alone in leaving out prepositions in today's writings that have not gone through proof readers.
    For example: You have ""The idea is that using linear algebra every variable (state) in the economy can be modeled."
    should be: "The idea is that by using linear ..."

    or: "The Austrians critique this approach is based on the limits of reason."
    should be: The Austrian's critique of this approach is based on the limits of reason."
    or maybe even "The Austrian critique of this approach is based on the limits of reason"
    or maybe "The Austrians critique this approach as being based on the limits of reason."
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    • Posted by dbhalling 7 years, 9 months ago
      Thanks for the input
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      • Posted by lrshultis 7 years, 9 months ago
        Just keep writing.
        I do have some disagreement with the dismissal of philosophy pre-Rand as with David Hume without a discussion of exactly how, in the philosophical climate at the time, that the thinking should be discarded with a bit of hand waving on a keyboard.
        My favorite little survey of philosophy is Mathew Stewart's 'The Truth About Everything: An Irreverent History of Philosophy', where he asks: "What does mysticism have to do with philosophy?" ... "Good question. The belief in unbelievable things, whether ghosts or cosmic minds, is incompatible with our most basic understanding of philosophy. Philosophy is the love of knowledge, not superstition. I contend, however, that much of what passes for philosophy is in fact mysticism. Mysticism, in my view, is based on an abstraction from our ordinary, healthy way of knowing things. It is a natural dysfunction of our cognitive apparatus. Philosophy, when understood as something other than a general and favorable disposition toward knowledge, that is, when viewed as a specific project and the source of a privileged sort of knowledge, is just this sort of mysticism."

        The ideals of Rand, such as 'man's life qua man' references an ideal man which has to be created, preferably rationally with no error, by a brain. There is only one direct experience of a possible ideal that a person can experience directly and possibly form an experiencable ideal, one's own consciousness. The ideal 'qua man' is not the Platonic kind in some supernatural domain, but rather one that has to be created as a concept and does not exist until created in a mind. Rand had her 'qua man' which does not necessarily match with any other person's ideal man.
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        • Posted by dbhalling 7 years, 9 months ago
          In my not so humble opinion David Hume is worse that Kant. Partly because he is more understandable and partly because he is the foundation of the irrational conservative (libertarian) (religious) movement. I think Rand failed to spot this, perhaps because it was not as obvious as it it today
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    • Posted by 7 years, 9 months ago
      Irshultis. you make good points. he did not have this edited and he is dyslexic. He completely ignores prepositions.
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      • Posted by lrshultis 7 years, 9 months ago
        I deal with a brother who is extremely dyslectic and another man whom over the years I helped with computer hardware problems. I also have a minor form of dyslexia which causes my very slow reading speed. My eyes flick around and sometimes take nearby parts of words make them part of the words that I am reading and make what I read seem to be meaningless, requiring the rereading of some sentences over and over until I finally find out what my brain created wrongly. Since both guys had to memorize everything to get through school, they both complain that I don't remember everything that they ever said to me. Another problem seems to be that they do not pronounce words nearly correctly enough to relate to how words as they read them seem to be pronounced.
        Both of them, long ago, read Atlas Shrugged, not paying attention to Galt's speech and got the idea that it was a story about a group of people who thought they were better than everyone else and will not discuss the book with me. My brother is an atheist like I am so any atheistic aspect of the philosophy probably did not bother him. The other guy is at present very religious, believing that one time at a lunch counter, two demons sat down next to him and later in life that God had caused him to end up face down in his driveway with a severe heart attack as punishment for his use of alcohol and other drugs. No idea that just natural processes were involved.
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        • Posted by 7 years, 9 months ago
          wow. luckily, Dale's issue is just words that ppear to have no meaning to him-just to the rest of us. lol
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          • Posted by lrshultis 7 years, 9 months ago
            There seems to be some strange stuff going on in a brain when reading, understanding and, recalling. I am 77 and starting to have trouble recalling a particular word when writing. Part of my mind knows that it is there, but does not place it in awareness for writing it. Could be because I only sleep about 5 hours a night and do not nap.

            Here is a little thing that you may or may not have seen before. I was wondering how DB would read it? Probably context is very important in reading it, at least my messed up brain seems to need a lot of context in reading.

            The phaomnnehil pweor of the hmuan mnid.
            Aoccdrnig to a rscheearch at Cmabrigde Uinervtisy, it deosn't mttaer in wath oredr the ltteers in a wrod are, the olny iprmoetnt tihng is taht the frist and lsat ltteer be at the rghit pclae. The rset can be a ttoal mses and you can sitll raed it wouthit porbelm. Tihs is bcuseae the huamn mnid deos not raed ervey lteter by istlef, but the wrod as a wlohe.
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FORMATTING HELP

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