Thursday, August 25, 2011
RE CHANCE RISE OF THE WEST KRUGMAN STEINGART AND INCREDULITY IN THEORIES
Steingart ascribes the rise of the West to chance. p. 28
Yet he says that Chinese politicians,
not the invisible hand, drove China's recent rise.
I agree with that one.
See Krugman's blog re incredulity and causation.
Yet he says that Chinese politicians,
not the invisible hand, drove China's recent rise.
I agree with that one.
See Krugman's blog re incredulity and causation.
Saturday, August 7, 2010
Re: The Economy Needs a Bit of Ingenuity
"Structural faults": this means longstanding failures, either by design or political weakness or due to other so-called cold war foreign policy agendas, to promote domestic prosperity.
The structural 'faults', that caused these failures, are political.
Moreover, developing 'economies'(a misnomer) did not, by themselves, end our so-called 'competitive advantage', (Porter's term, which I thoroughly detest).
This is a basic fallacy of causation ascription. Our political failures caused loss of 'competitive advantage', (were that the right term), because these economies developed under our misbegotten open market policies themselves!
Without our open and wealthy market, and transfers of our technology, know how, and facilities, they could not have developed in the first place.
'Structural faults' have to do both with the structure of the American system of government (not the 'economy'), and with its treatment of property and commercial rights and relationships. These include such things as corporate forms, corporate ownership, and corporate finance, markets in debt and equity securities, and other aspects.
Merely pointing out, in an op ed piece, the short profitability time horizon of fund managers, selects only the tip of an iceberg of inappropriate institutions and relationships, which have been manipulated, along with political machinations, against the interests of average Americans.
The structural 'faults', that caused these failures, are political.
Moreover, developing 'economies'(a misnomer) did not, by themselves, end our so-called 'competitive advantage', (Porter's term, which I thoroughly detest).
This is a basic fallacy of causation ascription. Our political failures caused loss of 'competitive advantage', (were that the right term), because these economies developed under our misbegotten open market policies themselves!
Without our open and wealthy market, and transfers of our technology, know how, and facilities, they could not have developed in the first place.
'Structural faults' have to do both with the structure of the American system of government (not the 'economy'), and with its treatment of property and commercial rights and relationships. These include such things as corporate forms, corporate ownership, and corporate finance, markets in debt and equity securities, and other aspects.
Merely pointing out, in an op ed piece, the short profitability time horizon of fund managers, selects only the tip of an iceberg of inappropriate institutions and relationships, which have been manipulated, along with political machinations, against the interests of average Americans.
Thursday, April 17, 2014
THE BEAUTY OF THE UNIVERSAL WARMING HYPOTHESIS
is in the issue of causation, and how it plays out here.
A team of experts could doubtless be found to buttress this hair brain hypothesis with voluminous and inconclusive data and corollaries.
A team of experts could doubtless be found to buttress this hair brain hypothesis with voluminous and inconclusive data and corollaries.
Tuesday, July 19, 2016
RE FOURTH OF JULY DK
"It was the invention of the cotton gin and the rise of a new, postwar generation of southerners who regarding slavery as a positive good that halted the momentum away from slavery and made the civil war inevitable." DK
I cannot agree with this view of causation of Civil War inevitability. There really are a lot of other reasons for this.
I cannot agree with this view of causation of Civil War inevitability. There really are a lot of other reasons for this.
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