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Old April 27 2013, 03:02 PM   #314
sonak
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Re: Roddenberry's Worst Ideas

stj wrote: View Post
I am not invested with the authority to deem that some academic economists are engaged in true research while other are merely propagandizing. Some academically trained economists, including the gentlemen you mention, do indeed explain away the business cycle. (As you point out, it is mostly by claiming it is inevitable but self-curing.)

Lord Keynes is all very well, but Friedrich Hayek is certainly highly esteemed. Order of the Companion of Honour, I think, plus a Nobel Laureate. His disciple, Margaret Thatcher, was just awrdeded a lavish state funeral for her success in championing his ideas. And there was nearly universal condemnation in official media of anyone so vile as to disapprobate her Hayekian triumphs. Government is the problem, and capitalism is the cure!

I can understand why you want to think of only what you can accept as honest attempts at science as constituting the profession of economics. But in the world as it is, isn't that really just wishful thinking?

Just because there are two schools of thought on something doesn't mean both are equally valid, and one must adopt a "who are we to judge?" attitude. Intelligent design and evolution aren't two equally competing scientific explanations, nor are astrology and astronomy.


Hayek-Friedmanite "monetarist" economics is right-wing ideology masquerading as a school of thought. Compare the macroeconomic results of Keynesian policies to the former, and if you're a pragmatist or empiricist you'll see who's right.


um, as for how this relates to Star Trek, I wonder if they teach Keynes at Starfleet Academy...
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