Re: Scientific American Article On "Market" Economists

On Apr 9, 10:44=A0am, BretCah...@[EMAIL PROTECTED]
 wrote:
> > Rogorous positive theory make possible
> > appropriate normative theories. But this by no means rebuts mainstream
> > Economics, it only reveals it is insufficient.
>
> At least for outspoken GOP market economists, it's "insufficient" in
> the way Gov. Spitzer's explanation to his wife was "insufficient."
>
> "Honey, I'm a fraud."
>
> The outspoken "market" economists were presented with an op****tunity
> to correct the "insufficiency" yet they chose instead to dodge it.
>
> Bret Cahill

You are missing the broader picture here, Bret.  The broader
scientific community is currently dumping the economics profession
because it has become so obvious that they have absolutely no idea
what they are doing that they are undermining the credibility of
science as a whole.  But, why have they waited until this has become
obvious to the general public as a whole?  Because, scientists as a
group have no idea what they are doing.  Because there is no
systematic methodology for integrating all relevant information into
the process of scientific theorizing.  Experiments are controlled,
interpretations are left to guesswork.  That is the problem.  And, not
just in economics.