- 03 Sep 2021 05:51
#15188399
It seems to me that the only other field where, can people get away with using false assumptions is religion.**
Can you imagine the mess our tech would be in if even 30% of the key assumptions on with mathematics is based were really false?
Can you imagine the mess engineering would be in if 30% of its assumptions were false?
Why then do so many of you here not care that the MS econ. theory that you support is clearly based on many false assumptions?
Or, maybe you deny this. Do you really believe that ---
1] It s OK to prove things about reality with false assumptions?
2] That the market is best understood as the 'perfect market' where every player knows everything about everything.
3] That banks really do move money from some account on their books to the account of the borrower?
4] That the US, UK, Japanese, Aust., Canadian, etc. national debts will be paid off some day by running a surplus so as to pay it with money from tax collections, without incuring new debt?
5] That the natural world can absorb all the pollution that the economy can dump into it?
6] That the population of the Earth can be stabalized by moving millions people per year off the earth to some other planet?
7] Or that, the population of the Earth can keep growing at 1% to 3% year for 1000 years?
8] That the GDP of every nation can keep growing at 1% to 3% year for 1000 years?
And many others?
Why?
Why don't you see that the US economy is in a mess,*** and it was even before the pandemic?
And, that this mess could very likely be the result policy makers mainly using an economic theory that is based on false assumptions, and it doesn't care about real world counter evidence either. It just hand waves it away.
. ** . If you don't grok this, then think about India. From the Western POV most of the assumptions that underlie Hinduism are false, and yet in India it is the dominant religion.
. *** . I think that the most obvious area of the US economy, that is a mess, is unemployment. MS econ. prides itself on efficiency. It would not tolerate a huge pile of iron ingots just sitting there not claimed by anyone. Yet, it tolerates massive unemployment. This unemployment is a huge pile of potential work that the American society could be using, but we just let it sit there being unused. this is clearly not efficient.
.
Can you imagine the mess our tech would be in if even 30% of the key assumptions on with mathematics is based were really false?
Can you imagine the mess engineering would be in if 30% of its assumptions were false?
Why then do so many of you here not care that the MS econ. theory that you support is clearly based on many false assumptions?
Or, maybe you deny this. Do you really believe that ---
1] It s OK to prove things about reality with false assumptions?
2] That the market is best understood as the 'perfect market' where every player knows everything about everything.
3] That banks really do move money from some account on their books to the account of the borrower?
4] That the US, UK, Japanese, Aust., Canadian, etc. national debts will be paid off some day by running a surplus so as to pay it with money from tax collections, without incuring new debt?
5] That the natural world can absorb all the pollution that the economy can dump into it?
6] That the population of the Earth can be stabalized by moving millions people per year off the earth to some other planet?
7] Or that, the population of the Earth can keep growing at 1% to 3% year for 1000 years?
8] That the GDP of every nation can keep growing at 1% to 3% year for 1000 years?
And many others?
Why?
Why don't you see that the US economy is in a mess,*** and it was even before the pandemic?
And, that this mess could very likely be the result policy makers mainly using an economic theory that is based on false assumptions, and it doesn't care about real world counter evidence either. It just hand waves it away.
. ** . If you don't grok this, then think about India. From the Western POV most of the assumptions that underlie Hinduism are false, and yet in India it is the dominant religion.
. *** . I think that the most obvious area of the US economy, that is a mess, is unemployment. MS econ. prides itself on efficiency. It would not tolerate a huge pile of iron ingots just sitting there not claimed by anyone. Yet, it tolerates massive unemployment. This unemployment is a huge pile of potential work that the American society could be using, but we just let it sit there being unused. this is clearly not efficient.
.