The use of empirical methods in economics is like catching the wind with a hammer!
First of all, since humans are subjective and they value any and all things, material and ideal, subjectively there is no way to represent the subjective choices and decisions by the use of a point of data. Even an exchange made in the market - the buyer exchanges money for a product - cannot be a point of data. If the two things exchanged were perfectly equal what would be the point? One person values what they get more than what they give up or else there would be no exchange. A data point has no information about the double inequality of value that occurs at the time of an exchange.
And secondly the real world is dynamic and not static. In other words, even if the fallacy of economic information contained in data points is ignored, the empirical methodology can at best be irrelevant. First the data is collected, then it has to be interpreted. By who? With what objective? All of the sudden someone is introduced into the process for the purpose of interpreting the data. This person is a so-called 'expert' but more accurately, this person is an ego-driven interpreter of the data with an objective in mind.
The data cannot even get to the next stage without the interjection of an ego-driven interpreter.
But if we ignore the bias and corruption of this practice there is still another absurdity associated with empirical economics. What about lag time? The so-called data was collected at a different time and place which no longer exists in the real world. Whatever the conclusion is derived from fallacy upon fallacy is no longer relevant!
Yet this is what the State and its central-planners inflict on people as remedies for the ills which were created by the earlier empirical economic charlatans.
The alternative and scientifically-valid methodology is subjectivism as is used by Austrian economists and economists in the classical liberalism tradition.
http://divineeconomytheory.wordpress.com/
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Showing posts with label Economic Analogies. Show all posts
Showing posts with label Economic Analogies. Show all posts
Saturday, March 15, 2014
Wednesday, March 27, 2013
The Free Market Is Like Pure Water!
The empiricists have ruined even the average person's understanding of economics. The equilibrium power operating in the economy is not some hypothetical end point as the empiricists portray it. The fact is: the economy is always in disequilibrium and yet the equilibrium power is omnipresent, omnipotent and omniscient; always moving things towards harmony.
To those influenced by the fallacies of the empiricists the free market is some far off ideal, pie in the sky! How convenient to have bamboozled the propagandized in this way; then the State can pretend that its propaganda about the necessity of interventionism is the 'practical' way!
In reality all interventionism is a corruption of the economy.
The free market is always in existence, it is just masked in these - the Dark Ages of economics - by all of the blundering and plundering of the interventionists (and it is cumulative over time). Yet the good news is that at any instant if the intervention is stopped the economy will quickly recover.
The free market is like pure water that been polluted with all kinds of sediment and it is constantly being stirred and added to by the ego-driven interventionists. Humanity is growing sicker and sicker as it depends on this polluted economy for its life and livelihood.
But like I mentioned, the instant the stirring stops and the instant the sediment is no longer added the water improves. The sediment separates out and falls to the bottom. With a healthy injection of capital to cleanse out the remaining impurities the water returns to its natural, life-giving quality.
The next time you are conversing with someone who has been indoctrinated by the State about how the economy 'works' use this analogy to help them understand that the equilibrium forces will instantly replace any man-made and ego-driven apparatus with a pure substitute (alleviating that fear) and that the free market is ubiquitous and ready to be restored to purity for the benefit of everyone.
Follow me on Twitter @DivineEconomy
If you know of anyone interested in ethics and economics,
or liberty and justice, please send them this link:
http://bruce-koerber.squarespace.com
To those influenced by the fallacies of the empiricists the free market is some far off ideal, pie in the sky! How convenient to have bamboozled the propagandized in this way; then the State can pretend that its propaganda about the necessity of interventionism is the 'practical' way!
In reality all interventionism is a corruption of the economy.
The free market is always in existence, it is just masked in these - the Dark Ages of economics - by all of the blundering and plundering of the interventionists (and it is cumulative over time). Yet the good news is that at any instant if the intervention is stopped the economy will quickly recover.
The free market is like pure water that been polluted with all kinds of sediment and it is constantly being stirred and added to by the ego-driven interventionists. Humanity is growing sicker and sicker as it depends on this polluted economy for its life and livelihood.
But like I mentioned, the instant the stirring stops and the instant the sediment is no longer added the water improves. The sediment separates out and falls to the bottom. With a healthy injection of capital to cleanse out the remaining impurities the water returns to its natural, life-giving quality.
The next time you are conversing with someone who has been indoctrinated by the State about how the economy 'works' use this analogy to help them understand that the equilibrium forces will instantly replace any man-made and ego-driven apparatus with a pure substitute (alleviating that fear) and that the free market is ubiquitous and ready to be restored to purity for the benefit of everyone.
Follow me on Twitter @DivineEconomy
If you know of anyone interested in ethics and economics,
or liberty and justice, please send them this link:
http://bruce-koerber.squarespace.com
Friday, March 22, 2013
Comparing The Market Process To Infinity.
The infiniteness of the market process has to do
with the subjective nature of human choices by billions of people and the
dynamic changes that happen spontaneously as the signals in the market process
are perceived and acted upon. Whether it is technically infinite or not is a moot
point because it is effectively infinite relative to the limited comprehension
of human minds.
How can it be
studied? By pursuing an understanding of the laws of human action.
What is the
meaning of all of this? There is no moral authority to intervene in the economy
and all intervention, necessarily, causes the corruption of the market process.
Follow me on Twitter @DivineEconomy
If you know of anyone interested in ethics and
economics,
or liberty and justice, please send them this
link:
Thursday, January 31, 2013
The Spirit Of Intellectual Property.
Humans are cabable of abstraction and in contemplation a human can discover something that was apparently invisible to others.
What is this invisible source? First of all it is infinite so we - as finite beings - cannot comprehend it, let alone claim ownership. In effect, those who have discovered something actually have a gift to share with others. To reap a reward for enriching the lives of others is part of the blessing of discovery, but to arrogantly claim that others cannot speed up the process of gifting or that the idea from the invisible source has some finite ownership (namely your own); this is an ego-driven claim and act.
Part of the problem has to do with the symptoms of the disease of materialism. All that is seen is the visible, yet undeniably, the whole possibility of discovery in the first place originated from the invisible! The spirit of the intellect is neglected because of this disease and all the fruits of the spirit of the intellect are made into objects, as if objectification can truly represent what has taken place.
Intellectual property can be reduced to some small fraction of its reality by humans small-mindedly trying to squeeze the infinite into a finite box. Then the box is carried around like a child guarding a bird's egg found in a meadow.
Or intellectual property can be understood as part of the discovery process: part of the active entrepreneurial spirit inherent in the human reality; thankful to those who discover the gifts; making sure that the gifts are made available to everyone as quickly as possible; and determined to create an environment that activates the latent entrepreneurial spirit throughout human civilization.
Follow me on Twitter @DivineEconomy
If you know of anyone interested in ethics and economics,
or liberty and justice, please send them this link:
http://bruce-koerber.squarespace.com
What is this invisible source? First of all it is infinite so we - as finite beings - cannot comprehend it, let alone claim ownership. In effect, those who have discovered something actually have a gift to share with others. To reap a reward for enriching the lives of others is part of the blessing of discovery, but to arrogantly claim that others cannot speed up the process of gifting or that the idea from the invisible source has some finite ownership (namely your own); this is an ego-driven claim and act.
Part of the problem has to do with the symptoms of the disease of materialism. All that is seen is the visible, yet undeniably, the whole possibility of discovery in the first place originated from the invisible! The spirit of the intellect is neglected because of this disease and all the fruits of the spirit of the intellect are made into objects, as if objectification can truly represent what has taken place.
Intellectual property can be reduced to some small fraction of its reality by humans small-mindedly trying to squeeze the infinite into a finite box. Then the box is carried around like a child guarding a bird's egg found in a meadow.
Or intellectual property can be understood as part of the discovery process: part of the active entrepreneurial spirit inherent in the human reality; thankful to those who discover the gifts; making sure that the gifts are made available to everyone as quickly as possible; and determined to create an environment that activates the latent entrepreneurial spirit throughout human civilization.
Follow me on Twitter @DivineEconomy
If you know of anyone interested in ethics and economics,
or liberty and justice, please send them this link:
http://bruce-koerber.squarespace.com
Sunday, January 20, 2013
Bad Economics And Empiricism.
Henry Hazlitt defines bad economics as that which considers only what is the immediate outcome, and only what is the direct consequence of a proposed course, and only what the effect will be on one particular group.
In mainstream economics, what is the reliance on empiricism if not a snapshot? From the snapshot all kinds of interpretations are made but take a minute to think about what a snapshot represents. You take a picture of somebody buying dog food. There is nothing there other than that image frozen in time but from that image a whole host of suppositions are made and then upon those suppositions interventions into the affairs of people are suggested. Instead of calling it a snapshot it is given the lofty title of 'data' to make it sound 'scientific.'
Empiricism builds upon the snapshot ('data') and frankly it can go in whatever direction the interpreters wish it to go. For example, if the State is the one funding the 'scientific research' then the interpreter can interpret the snapshot in a way that is favorable to the State. This free rein of 'analysis' and 'policy' is very comfortable for the propagators of this system.
What is as evident as the Sun is that empiricism is a breeding ground of empiricism. Empiricism empowers the ego-driven interpreters and it empowers the ego-driven interventionists and these are the principle agents of the State.
The good economics of Henry Hazlitt stems from classical liberalism which rests upon subjectivism as the scientific method. Logic is what is relied on not some snapshot in time and place. Consequently the outcome is the complete opposite. Fundamentally there is no intervention into the economy so there is essentially no State and the whisperings of the ego-driven interpreters are scoffed.
Follow me on Twitter @DivineEconomy
For more information go to my newly renovated website.
If you know of anyone interested in ethics and economics,
or liberty and justice, please send them this link:
http://divineec.ipower.com/2/
In mainstream economics, what is the reliance on empiricism if not a snapshot? From the snapshot all kinds of interpretations are made but take a minute to think about what a snapshot represents. You take a picture of somebody buying dog food. There is nothing there other than that image frozen in time but from that image a whole host of suppositions are made and then upon those suppositions interventions into the affairs of people are suggested. Instead of calling it a snapshot it is given the lofty title of 'data' to make it sound 'scientific.'
Empiricism builds upon the snapshot ('data') and frankly it can go in whatever direction the interpreters wish it to go. For example, if the State is the one funding the 'scientific research' then the interpreter can interpret the snapshot in a way that is favorable to the State. This free rein of 'analysis' and 'policy' is very comfortable for the propagators of this system.
What is as evident as the Sun is that empiricism is a breeding ground of empiricism. Empiricism empowers the ego-driven interpreters and it empowers the ego-driven interventionists and these are the principle agents of the State.
The good economics of Henry Hazlitt stems from classical liberalism which rests upon subjectivism as the scientific method. Logic is what is relied on not some snapshot in time and place. Consequently the outcome is the complete opposite. Fundamentally there is no intervention into the economy so there is essentially no State and the whisperings of the ego-driven interpreters are scoffed.
Follow me on Twitter @DivineEconomy
For more information go to my newly renovated website.
If you know of anyone interested in ethics and economics,
or liberty and justice, please send them this link:
http://divineec.ipower.com/2/
Tuesday, November 20, 2012
Understanding The Market Economy In Six Minutes!
Not only will you enjoy this simple and exquisite short film but it will make a wonderful gift for your extended family and friends and your children and parents! Consider sending it to them right away.
Reorienting our thoughts towards appreciation (and with good reason) will go a long way towards making a positive difference in your life and the lives of others!
Follow me on Twitter @DivineEconomy
For more information go to my newly renovated website.
If you know of anyone interested in ethics and economics,
or liberty and justice, please send them this link:
http://divineec.ipower.com/2/
Reorienting our thoughts towards appreciation (and with good reason) will go a long way towards making a positive difference in your life and the lives of others!
Follow me on Twitter @DivineEconomy
For more information go to my newly renovated website.
If you know of anyone interested in ethics and economics,
or liberty and justice, please send them this link:
http://divineec.ipower.com/2/
Sunday, September 30, 2012
The Market Process Is Like A Language.
The economy is a divine institution that exists because humans exist. Think of the market process as a universal language conveying to others the wishes, wants, aspirations, and resources; and the words of that language are prices. As people mirror the love and knowledge of God the market process reflects it and the civilization advances.
Follow me on Twitter @DivineEconomy
For more information go to my newly renovated website.
If you know of anyone interested in ethics and economics,
or liberty and justice, please send them this link:
http://divineec.ipower.com/2/
Follow me on Twitter @DivineEconomy
For more information go to my newly renovated website.
If you know of anyone interested in ethics and economics,
or liberty and justice, please send them this link:
http://divineec.ipower.com/2/
Tuesday, May 3, 2011
Gas Prices At Record Lows In Real Money Terms!
One of the main topics spoken about by Peter Schiff in this video is the collapse of the value of the dollar due to the counterfeiting by the Federal Reserve.
In terms of real money, in terms of weight of silver, a gallon of gas costs less now than its previous low that occurred during the Great Depression. The amount of silver in the silver quarter that was used back then would buy several gallons of gas. That same amount of silver would buy even more gas today!
In other words, if you could go to the gas station and use real money (coins made of silver, denominated based on their weight) instead of the funny money created out of thin air by the Federal Reserve it would cost you somewhere between a dime and a quarter for a gallon of gas!
Do not curse the oil companies or the oil producers in the Middle East or elsewhere. The blame rest squarely on the counterfeiting operation of the unConstitutional coup in the U.S. End the Federal Reserve. Insist that your elected representatives obey the Constitution - in other words - only gold and silver are money!
For more information go to my website.
Go here to read about Mastery of ETHICAL ECONOMICS.
{I am currently taking a partial hiatus from blogging so frequently since I am preparing to write the fourth and final book in the divine economy theory series, due to be published around May 2011.}
In terms of real money, in terms of weight of silver, a gallon of gas costs less now than its previous low that occurred during the Great Depression. The amount of silver in the silver quarter that was used back then would buy several gallons of gas. That same amount of silver would buy even more gas today!
In other words, if you could go to the gas station and use real money (coins made of silver, denominated based on their weight) instead of the funny money created out of thin air by the Federal Reserve it would cost you somewhere between a dime and a quarter for a gallon of gas!
Do not curse the oil companies or the oil producers in the Middle East or elsewhere. The blame rest squarely on the counterfeiting operation of the unConstitutional coup in the U.S. End the Federal Reserve. Insist that your elected representatives obey the Constitution - in other words - only gold and silver are money!
For more information go to my website.
Go here to read about Mastery of ETHICAL ECONOMICS.
{I am currently taking a partial hiatus from blogging so frequently since I am preparing to write the fourth and final book in the divine economy theory series, due to be published around May 2011.}
Thursday, April 28, 2011
High School And College Econ Students: Hayek Or Keynes?
If your teacher is obsolete please politely share this video with him or her.
And then "tear the house down!!!" Investigate for yourself Austrian economics and expose the economic fallacies of the economics taught by the government-funded 'educational' institutions!
For more information go to my website.
Go here to read about Mastery of ETHICAL ECONOMICS.
{I am currently taking a partial hiatus from blogging so frequently since I am preparing to write the fourth and final book in the divine economy theory series, due to be published around May 2011.}
And then "tear the house down!!!" Investigate for yourself Austrian economics and expose the economic fallacies of the economics taught by the government-funded 'educational' institutions!
For more information go to my website.
Go here to read about Mastery of ETHICAL ECONOMICS.
{I am currently taking a partial hiatus from blogging so frequently since I am preparing to write the fourth and final book in the divine economy theory series, due to be published around May 2011.}
Wednesday, April 20, 2011
Are These Painful Economic Times Pregnant With Hope?
Two interesting points: contact with the real world outside of academia was an essential ingredient in his discovery; and, the dire economic conditions triggered interest in his discovery.
Conclusion: The educational outreach of the Mises Institute and the widening exposure of searching minds to Austrian economics during these truly cataclysmic economic times bodes well for the advancement of economic science!
For more information go to my website.
Go here to read about Mastery of ETHICAL ECONOMICS.
{I am currently taking a partial hiatus from blogging so frequently since I am preparing to write the fourth and final book in the divine economy theory series, due to be published around May 2011.}
Conclusion: The educational outreach of the Mises Institute and the widening exposure of searching minds to Austrian economics during these truly cataclysmic economic times bodes well for the advancement of economic science!
For more information go to my website.
Go here to read about Mastery of ETHICAL ECONOMICS.
{I am currently taking a partial hiatus from blogging so frequently since I am preparing to write the fourth and final book in the divine economy theory series, due to be published around May 2011.}
Friday, March 11, 2011
Surely There Is A Better Representation Than Homo Economicus.
It is doubtful that homo economicus will ever be able to move out of its sterile wertfrei world into the world of the inseparability of economics and ethics. Such a construct cannot be inserted into a completely different realm without the appearance of incongruencies. Far better it is to start within the realm of the inseparability of economics and ethics - with the essence of the human entity - followed by the exploration of purposeful human action.
For more information go to my website.
Go here to read about Mastery of ETHICAL ECONOMICS.
{I am currently taking a partial hiatus from blogging so frequently since I am preparing to write the fourth and final book in the divine economy theory series, due to be published around May 2011.}
For more information go to my website.
Go here to read about Mastery of ETHICAL ECONOMICS.
{I am currently taking a partial hiatus from blogging so frequently since I am preparing to write the fourth and final book in the divine economy theory series, due to be published around May 2011.}
Thursday, January 20, 2011
Greenspan Resembles A Chameleon!
It is not the physical resemblance that I am referring to, it is his nature of changing to fit the surroundings.
When Greenspan was the Chairman of the Federal Reserve he was the quintessential counterfeiter. During those years he constantly caressed the fiat money and then he used his forked tongue to camouflage what he was doing and all of the destructive consequences (short-run and long-run) of his fiat fetish.
Now Greenspan, the chameleon, is in a different setting and his appearance has changed. Now he talks about the importance of a gold standard and the economically illogical fiat money system!
Deeds not words!
Unquestionably Alan Greenspan is untrustworthy and he should be put on trial for his crimes.
For more information go to my website.
Go here to read about Mastery of ETHICAL ECONOMICS.
{I am currently taking a partial hiatus from blogging so frequently since I am preparing to write the fourth and final book in the divine economy theory series, due to be published around May 2011.}
When Greenspan was the Chairman of the Federal Reserve he was the quintessential counterfeiter. During those years he constantly caressed the fiat money and then he used his forked tongue to camouflage what he was doing and all of the destructive consequences (short-run and long-run) of his fiat fetish.
Now Greenspan, the chameleon, is in a different setting and his appearance has changed. Now he talks about the importance of a gold standard and the economically illogical fiat money system!
Deeds not words!
Unquestionably Alan Greenspan is untrustworthy and he should be put on trial for his crimes.
For more information go to my website.
Go here to read about Mastery of ETHICAL ECONOMICS.
{I am currently taking a partial hiatus from blogging so frequently since I am preparing to write the fourth and final book in the divine economy theory series, due to be published around May 2011.}
Monday, November 29, 2010
Will Gold Slay The Keynesian Goliath?
It appears that many thoughtful persons see no need for and no sustainability in the current system - political and economic - that exists in these, the Dark Ages of economics. The corrupt and decaying system only shackles humankind, serves no useful purpose, is immoral and obsolete at best, and cannot much longer hold back the irrepressible tendency of an ever-advancing civilization. There is not an ounce of justice in this man-made and ego-driven system and so it is fit only for the dustbin.
There are some enduring elements that span across the Ages and the principal economic one is gold as the basis for the order brought about by a trustworthy medium of exchange.
What is the transition going to be like? Cataclysmic. Goliath didn't slowly sit down and ponder. We're talking about face first to the earth with full force!
For more information go to my website.
Go here to read about Mastery of ETHICAL ECONOMICS.
{I am currently taking a partial hiatus from blogging so frequently since I am preparing to write the fourth and final book in the divine economy theory series, due to be published around May 2011.}
There are some enduring elements that span across the Ages and the principal economic one is gold as the basis for the order brought about by a trustworthy medium of exchange.
What is the transition going to be like? Cataclysmic. Goliath didn't slowly sit down and ponder. We're talking about face first to the earth with full force!
For more information go to my website.
Go here to read about Mastery of ETHICAL ECONOMICS.
{I am currently taking a partial hiatus from blogging so frequently since I am preparing to write the fourth and final book in the divine economy theory series, due to be published around May 2011.}
Thursday, October 14, 2010
Will Chile Extend Its Celebrations In The Direction Of A Better Society?
The test will come now. Will the Chileans celebrate the decisions of their President to find solutions without government intervention? Will that translate into a trend towards a classical liberalism society? Will the education process continue and will it be freed from the lies of socialism and Keynesianism?
For more information go to my website.
Go here to read about Mastery of ETHICAL ECONOMICS.
For more information go to my website.
Go here to read about Mastery of ETHICAL ECONOMICS.
Friday, August 27, 2010
Gorging On Keynesian Stimulus Causes Depression!
The big fat gray line is not big enough or fat enough! Gorging during the Keynesian "free the politicians from all economic reality" period lead to a big, fat gray (shaded) line but the data center at the Federal Reserve does not want to be politically incorrect and call the economy grossly overweight! They talk about the dainty double dip recession instead of the gargantuan depression blob.
Now we have Bernanke putting on his pilot glasses and buckling himself into his helicopter. To get a tiny blip in GDP the helicopter is going to need to be packed so densely that the poor dopey Bernanke will not be able to get it off the ground!
For more information go to my website.
Go here to read about Mastery of ETHICAL ECONOMICS.
Now we have Bernanke putting on his pilot glasses and buckling himself into his helicopter. To get a tiny blip in GDP the helicopter is going to need to be packed so densely that the poor dopey Bernanke will not be able to get it off the ground!
For more information go to my website.
Go here to read about Mastery of ETHICAL ECONOMICS.
Tuesday, August 24, 2010
Ups And Downs Caused By Economic Quackery.
Wall Street Journal reports the 'gravity' of the situation. Being a major cog in the economic machinery of the Keynesian quacks, the housing plummet is sure to alarm them about the gravity of the situation. Will it go thunk or ricochet ping-ping-ping down deeper and deeper into a crevasse?
Meanwhile bacon sizzles and pops. Is the volatility good news?
It sounds like the ego-driven interventionists have put us between a rock and a frying pan.
For more information go to my website.
To earn a Masters Degree in Divine Economy Theory go here.
Go here to read about MACRO & MICRO Economics Renewed.
Meanwhile bacon sizzles and pops. Is the volatility good news?
It sounds like the ego-driven interventionists have put us between a rock and a frying pan.
For more information go to my website.
To earn a Masters Degree in Divine Economy Theory go here.
Go here to read about MACRO & MICRO Economics Renewed.
Saturday, August 21, 2010
How Similar And Dissimilar Are the U.S. And Japan Economies?
Brace yourself for the difference between deflation and hyperinflation!
For more information go to my website.
To earn a Masters Degree in Divine Economy Theory go here.
Go here to read about MACRO & MICRO Economics Renewed.
For more information go to my website.
To earn a Masters Degree in Divine Economy Theory go here.
Go here to read about MACRO & MICRO Economics Renewed.
Thursday, July 29, 2010
Half-Truth Journalism In Barron's Masks The Economic Distinctions.
Is it propaganda when half truths are used deliberately? Is it propaganda when half truths are used out of ignorance? Is it propaganda when those who are supposed to be an authority (because it is assumed that they have done thorough investigative research) report ignorantly?
Yes, Yes, and Yes.
Austerity is a misrepresentation of Austrian economics. In a world without the consequences of the corruptions of the ego-driven interventionists there is great prosperity and generosity and liberalism flowing continuously in an "Austrian' free market society. The austerity needed as part of the correction of the disasterous policies of Keynesian quackery has to be attributed to the Keynesian quackery itself.
It is not austerity vs drunkedness. It is economic law versus quackery.
For more information go to my website.
To earn a Masters Degree in Divine Economy Theory go here.
Go here to read about MACRO & MICRO Economics Renewed.
Yes, Yes, and Yes.
Austerity is a misrepresentation of Austrian economics. In a world without the consequences of the corruptions of the ego-driven interventionists there is great prosperity and generosity and liberalism flowing continuously in an "Austrian' free market society. The austerity needed as part of the correction of the disasterous policies of Keynesian quackery has to be attributed to the Keynesian quackery itself.
It is not austerity vs drunkedness. It is economic law versus quackery.
For more information go to my website.
To earn a Masters Degree in Divine Economy Theory go here.
Go here to read about MACRO & MICRO Economics Renewed.
Sunday, March 7, 2010
Economics Is Like A Sharp Scalpel.
Once people understand economics the diseased parts of the 'organism' of human civilization on this planet will be removed. Unburdened and with renewed vigor humanity will be able to embark on its journey, characterized as an ever-advancing civilization.
The problem that currently exists is that the blunt instrument that is being wielded by the economic quacks is infected with horrible diseases and the patient is being barraged from every direction. Ego-driven interventionists are trying to extract wealth from their obsolete platform of nationalism which just spreads the diseases.
This all will come to an end and the healing will begin when the sharp scalpel of economic truth is found.
A secondary problem also exists. The ego-driven interpreters and the ego-driven interventionists have doped the patient with half-truths and propaganda designed to numb the faculties of the patient. This interferes with the alertness of the patient.
Unfortunately what will raise to a critical height the necessary alertness is the severity of the diseased condition. Two things are becoming obvious. One, the quacks are incompetent and they blatantly lie, and they corruptly scheme to channel wealth towards themselves and their cohorts. Two, death of all that is considered as making life desirable is not far off unless something is done immediately.
Shaking off the anesthesia of indoctrination and propaganda administered by the ego-driven interventionists the patient will seek the truth after igniting within the spark of entrepreneurial spirit that is inherent in humankind. As soon as the patient encounters the philosophy of classical liberalism with its prescription of peace and prosperity and liberty and justice the discovery of the sharp scalpel of true economics is only an arm's reach away.
With loving care it is time to cut out the diseases of socialism, fascism, Keynesianism, economic empiricism, and all of the other pestilences originating from the economic ignorance characteristic of these Dark Ages of economics.
Cured, humanity will enter into an Age of economic enlightenment.
For more information go to my website.
To earn a Masters Degree in Divine Economy Theory go here.
Go here to read about MACRO & MICRO Economics Renewed.
The problem that currently exists is that the blunt instrument that is being wielded by the economic quacks is infected with horrible diseases and the patient is being barraged from every direction. Ego-driven interventionists are trying to extract wealth from their obsolete platform of nationalism which just spreads the diseases.
This all will come to an end and the healing will begin when the sharp scalpel of economic truth is found.
A secondary problem also exists. The ego-driven interpreters and the ego-driven interventionists have doped the patient with half-truths and propaganda designed to numb the faculties of the patient. This interferes with the alertness of the patient.
Unfortunately what will raise to a critical height the necessary alertness is the severity of the diseased condition. Two things are becoming obvious. One, the quacks are incompetent and they blatantly lie, and they corruptly scheme to channel wealth towards themselves and their cohorts. Two, death of all that is considered as making life desirable is not far off unless something is done immediately.
Shaking off the anesthesia of indoctrination and propaganda administered by the ego-driven interventionists the patient will seek the truth after igniting within the spark of entrepreneurial spirit that is inherent in humankind. As soon as the patient encounters the philosophy of classical liberalism with its prescription of peace and prosperity and liberty and justice the discovery of the sharp scalpel of true economics is only an arm's reach away.
With loving care it is time to cut out the diseases of socialism, fascism, Keynesianism, economic empiricism, and all of the other pestilences originating from the economic ignorance characteristic of these Dark Ages of economics.
Cured, humanity will enter into an Age of economic enlightenment.
For more information go to my website.
To earn a Masters Degree in Divine Economy Theory go here.
Go here to read about MACRO & MICRO Economics Renewed.
Saturday, January 9, 2010
The Gap Between Empiricism And Subjectivism Is Bridged!
What I love about this diagram and this procedure is the evolution of modeling using the subjectivist methodology. I would classify it as groundbreaking!
Connecting to empirical models and therefore connecting to the positivist economic literature, this scholarly work by Roger Garrison bridged a gap that seemed insurmountable.
Now the transition to subjectivism is readily accessible for any ardent student of economic theory. If not indoctrinated and if possessing a truly scientifically inquisitive mind, every student of economics (even those who are required to tread the path of empiricism) can now find their way to praxeology.
For more information go to my website.
To earn a Masters Degree in Divine Economy Theory go here.
Go here to read about MACRO & MICRO Economics Renewed.
Connecting to empirical models and therefore connecting to the positivist economic literature, this scholarly work by Roger Garrison bridged a gap that seemed insurmountable.
Now the transition to subjectivism is readily accessible for any ardent student of economic theory. If not indoctrinated and if possessing a truly scientifically inquisitive mind, every student of economics (even those who are required to tread the path of empiricism) can now find their way to praxeology.
For more information go to my website.
To earn a Masters Degree in Divine Economy Theory go here.
Go here to read about MACRO & MICRO Economics Renewed.
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