[Prev][Next][Index][Thread]
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."
References: