Re: Scientific American Article On "Market" Economists

> > > 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.

> You are missing the broader picture here, Bret. =EF=BF=BDThe 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. =EF=BF=BDBut, why have they waited until this has
beco=
me
> obvious to the general public as a whole? =EF=BF=BD

Because honest hard working physical scientists generally keep their
nose to their own grindstone and naturally avoid shallow frauds like
the economists.

> Because, scientists as a
> group have no idea what they are doing. =EF=BF=BD

No.  It's because physical scientists had no interest in what
_economists_ were doing until global warming and sustainability taken
along with the "market" economic model started to threaten everyone's
lives _including_ the lives of the physical scientists.

Once real scientists started to look at economic "science" the entire
scam started to unravel.

> Because there is no
> systematic methodology for integrating all relevant information into
> the process of scientific theorizing.

You have no degrees in math, engineering or science and no clue as to
what science is.

> =EF=BF=BDExperiments are controlled,
> interpretations are left to guesswork. =EF=BF=BDThat is the problem.
=EF=
=BF=BDAnd, not
> just in economics.

Don't try to bs science.  You're not going to fool anyone with any
background in science.

That much is clear.


Bret Cahill