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something approaching a religion



George Antony Ph 93818 wrote:

> >BTW, even your SE is defective because you left out the laws
> >of thermodynamics. In fact, we are on a one-way trip -- and
> >running out of energy.
> 
> As for running out of energy, this has been debated a lot and
> you have failed to convince about this claimed axiom.

This is typical of economists: Where the theory conflicts
 with reality, they reject reality for the theory.

Jay
--------------------------------------------------------
 Lester Thurow says that free-market theory extends far
  beyond the realm of conventional economics: "It is,
   in short . . . also a political philosophy, often
     becoming something approaching a religion."

"No other discipline attempts to make the world act
  as it thinks the world should act. But of course
   what Homo sapiens does and what Homo oeconomicus
    should do are often quite different. That, however,
     does not make the basic model wrong, as it would
      in every other discipline. It just means that
       actions must be taken to bend Homo sapiens into
        conformity with Homo oeconomicus. So, instead
         of adjusting theory to reality, reality is
          adjusted to theory."


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