Maintain your old Siemens Hipath system

Asking For Proof in the Economic Pudding

There are no stupid questions, only stupid people. Ask an economist for proof of one of their pet theories and you'll find quickly that the age old axiom that we all learned in school and work place training seminars is dead wrong. You can ask a stupid question if you're talking to an economist and that question can, in fact, make you stupid.

It's a well accepted fact that scientists are not the greatest communicators around. They generally are not strong in the customer service or public relations fields. Scientists spend their time preaching to the well educated, well informed, scientific choir. When the time comes that a scientific discovery leads to a consumer product, it is not scientists that explain the benefits and dangers of the new product, a marketing company will handle that. Because of the disconnect between the science behind a product and the actual implementation of that science, there are a slew of products which are around 1.25% scientific fact and 98.75% marketing hype (take a look at your average diet pill). Consumers don't know the difference because scientists won't talk to us.

Economists also fancy themselves as scientists. They like to say that they have laws and they also don't feel the need to deign to speak to the general public about their work. They talk to each other, develop their theories, push for the implementation of those theories and generally think that Liberal Arts majors and auto mechanics should mind their own business. Maybe it's time that we lowly non-economists demand a few answers.

It's tremendously irksome to hear an economist speak about an economic law. Ask the economist to demonstrate the law and he will fall quickly to an explanation of the theories which, in his opinion, make the law true. Supply and Demand can only be verified by reading those theorists who endorse the idea. The theory cannot be measured, cannot be duplicated under scientific standards, cannot be certain to have the same outcome at all times, even given the same circumstances. It is therefore not a law. It's just a widely accepted theory.

I've got no problem with widely accepted theories. What I do find disturbing and even dangerous is the application of widely accepted theories into public policy without regard to whom is being hurt and without question as to whether or not the theory is working.

Take free trade for instance. It's an economic policy which is not demanded by the average working person, but which both major political parties endorse to some extent and which the Libertarian Party makes a cornerstone of it's platform. The theories all indicate that some job loss, even great displacement of a given society's workers, is to be expected. In fact, the displacement is a good thing, since it allows once unskilled laborers to study and become highly skilled technitions, or accountants or something. Unfortunately, the American people aren't privy to this part of the working economic theory and thusly aren't excited to hear that the reason that their job was offshore is due to India's comparative advantage in call center operations. The displaced worker may not feel that they are a worthy subject for the grand experiment of free trade.

Of course, no theory says that America has to be the winner in the free trade free-for-all rush to the top of the comparative/absolute advantage heap. No, economists don't often talk about nations at all. Their theories do not aim to find ways of make America the most economically powerful nation, or the richest, or the most comfortable; their theories work to ensure a true free market. The problem with a truly free market is that the displaced workers can just as easily be upper middle class Americans and the new skills that they may be acquiring just may be menial labor. Ask an economist why the displaced workers are always poor and always must be and I'll bet you money that they cannot give even a small piece of evidence to show a reason why that is so.

Yet our politicians, being taught economics in universities which are almost universally in support of free trade, themselves support free trade. They support an economic theory that has no evidence of actually being affective, but which may cause damage to the American economy, a fact which any honest free trade supporting economist would have to admit doesn't matter to them. Yet, the average person is not supposed to question these theories and certainly not the logic of the theorocrats that endorse them. If you fail to remain quietly on the sidelines of history and make the mistake of questioning the theory behind free trade, then you will be the recipient of a litany of the names of long dead authors who will all prove you wrong. You'll be called an idiot (trust me, I've had these discussions), they will threaten your mother's virtue before they admit that they can provide no evidence that they are correct.

Does a lack of evidence prove that the economists are wrong? Not at all. In fact, my desire for evidence is proof that I don't know enough about economics to ask more informed questions than, "can you prove that?" I do think, though, that is a damn fine place to start. Maybe more economists should start their path of theoretical enlightenment by questioning the fundamental truth of what they are being taught. Maybe economists should consider being the first scientists to learn customer service. If that seems like a bit of a demotion, just call it retraining for new economic conditions.

About The Author

Donald R. Carroll III is a student, insurance adjuster and freelance writer from Kansas City, Missouri.

dcarroll04@kc.rr.com

In The News:

Police to recover New Zealand volcano bodies on Friday
Thu, 12 Dec 2019 02:41:00 +0000
New Zealand police say they are finalising a plan to recover the bodies still on White Island on Friday, following Monday's volcanic eruption.

Debris found in search for missing plane with 38 on board
Wed, 11 Dec 2019 21:59:00 +0000
Debris believed to be from a missing Chilean air force plane that had 38 people on board has been found, officials have said.

Migrant rescues disabled man from house fire in Spain
Wed, 11 Dec 2019 17:53:00 +0000
A Senegalese migrant living in Spain has rescued a disabled man from a burning building.

Aung San Suu Kyi attacks 'misleading' Rohingya court case
Wed, 11 Dec 2019 09:20:00 +0000
Myanmar leader Aung San Suu Kyi has defended her country from charges of genocide, saying there is "no tolerance" for human rights violations against the Rohingya Muslim minority.

Jewish supermarket targeted in gun battle that left six dead
Tue, 10 Dec 2019 21:16:00 +0000
A Jewish supermarket was deliberately targeted in a shootout which left six people dead, the mayor of Jersey City has confirmed.



tikatoshop.it

Erfahrungen mit Pallhuber Wein
Agen Bola SBOBET Terpercaya

Travel in comfort and at your leisure with CT Airlink Limousine & Car Service for top quality private transportation and exceptional customer service. We operate Sedans, SUVs & Vans for CT Car Services to covering all Connecticut airports including Car Service from CT to Newark Airport , Mohegan Casino Uncasville CT, Foxwoods Casino Mashantucket CT, Manhattan Cruise Terminal NYC, Brooklyn Cruise Terminal NYC and Bayonne Cruise Terminal NJ. CT Airlink hire licensed and friendly chauffeurs who have in-depth knowledge of the Areas.

Global Initiative of Electronic Commerce Taxation; Guiding Principles for Pakistan

1. United States of America (USA)In the United States, legislation... Read More

A Component of Liberty is a Strong Social Contract with Governing Body

Recently I got to talking with a gentleman at a... Read More

William Seward and the Alaska Purchase

Aren't you glad you purchased Alaska? You got a bargain,... Read More

Bosnia - An Economy in Search of a State

Bosnia-Herzegovina (heretofore "Bosnia") is an artificial polity with four, tangentially... Read More

Liberal Agenda and Communism; Lance Rants

If we go hog wild towards the liberal agenda where... Read More

Why Can?t We Have a More Responsive Government?

The great people of the United States of America deserve... Read More

The Morality of Child Labor

From the comfort of their plush offices and five to... Read More

We Are Turning a Corner in Foreign Relations, Thanks GW Bush!

Kudos goes out to the George Walker Bush's Administration and... Read More

Business: ?Where Is America Headed To??, New York Millionaire Wonders

Hello! Happy new year. May you live a long healthy... Read More

Public Sector Economies in Transition

In the previous article, we described the various methods developed... Read More

Social Security Rant

As the Baby Boomer Generation continue to get older, one... Read More

What Price Loyalty?

With the recent shakeups in the presidential cabinet, it has... Read More

China: Tibet Standoff

The People's Liberation Army of China invaded Tibet in 1949.... Read More

Colonel Boyd on Limited War and Iraq Victory

In discussing the OODA Loop theory on Limited War by... Read More

The Politics Of The American Dream

The American Dream is the promise to have it all... Read More

Lyndon Johnson - The Day After Dallas

J. Edgar Hoover and LBJ used to enjoy watching Hoover's... Read More

Population Control and Water Supply Issues

As we increase our populations every new soul will require... Read More

Dafur Emergency: A Challenge To Civilisation

With pain rocking through my whole body today, I cast... Read More

The True Power of Terrorism

Those of us hundreds of miles from ground zero sat... Read More

Conspiracy Theory; Kill Off the Old Folks

Recently I met a man in a coffee shop, a... Read More

Carl von Clausewitz On War

For anyone who wishes to become an armchair General in... Read More

The Sarbanes-Oxley Act

The Sarbanes-Oxley Act Was created on July 30th 2002, by... Read More

A Look Ahead to 2008 (Part II)

Last week, I began my look ahead to the 2008... Read More

End Of History? Not Quite

A visitor to Moscow would be immediately struck by the... Read More

The Mother of All Political Battles Has Begun!

News is spreading of the retirement of Supreme Court Justice... Read More