Moral: Wherein having mentioned, several times, the Vienna School (also, known as the Austrian School) which is continental, how could we avoid specific reference to Ludwig (and John and Friedrich)?
As in Ludwig Von Mises and his prolific writings. Reading 'The Elite Under Capitalism' would be a good start (we looked at his money work earlier).
I like how he calls the elite to task; yet, one has to look at several things. For instance, what would be 'elite' (as in, best-and-brightest? -- they offer the masses a preferred moral code?). What are these ideals to which the elite would lead us (greed? massive accumulations -- $1B house (as in Mumbai) looming over a vast expanse of slums -- or, gigantic yacht of immense proportions that is for anything but show?)?
Wait! do I smell big T-issues looming? Perhaps not, as we can be reasonable for a little while, can we not?
When we brought in the Vienna School, there was one main factor. They do know what lies behind the mathematical facade. Why facade? What we see now is a large system, built upon the quaking basis of computation (we'll get to Church-Turing, in a bit).
Then, upon this shaky framework, we want to built an automated economy (virtual money, to boot, printable ad infinitum) that is wide-spread in many, and disparate, directions using colonialistic mindsets without regard to the neighbors in ones' own locale?
As an aside, Ron Paul is featured in The Atlantic as saying that he was epiphany'd by the writings of Hayek who was a disciple of von Mises. That epiphany was a while ago. Now, the tea party, and other perturbers, have taken ahold of the guy's ideas thanks to Glenn Beck's reference to Friedrich (see 'The Road to Serfdom', for one).
No one wants a top-down power structure to be there for all aspects of life. The military life is top-down, yet those who rise come through the ranks. And, no one at the top tries to run things in a micro-managed sense, as if driving robots. That was tried in the past a few time enough for us to know its failings.
Yet, how do you keep free agency from devolving into anarchy? That is, what is there that would keep things under civil limits? The big question for libertarians.
A parallel in project/program management has been mentioned in this blog, and in related blogs, namely middle-out. Business is top-down, as we see the King CEO. Too, though, what CEO actually does any real work?
Not!! Good companies try to elicit good work from happy employees. How many succeed?
Yes, these are not easy issues, folks, but we'll continue in our own vein and time to discuss the underlying factors with the idea to eventually fruit results.
As you see, what is the middle-out for the economy? Not Adam's 'hand' and not Stalin's 'fist' and not Big Ben's chimera and ...
Do you think that the Tea Party really has resolved the issues in their pullback in abhorrence from anything Keynesian? Of course, John Maynard came from the Neville line; nice of him to think so fondly of the little people. At least, he wasn't greed'd out as we see with the modern capitalists (in name only).
So, we'll look at Ludwig's thinking as we go along. And, we'll look at him with a kind eye, probably kinder than he would has cast'd at the viewpoint being developed here.
- von Mises in a letter to Ayn Rand (emphasis mine): You have the courage to tell the masses what no politician told them: you are inferior and all the improvements in your conditions which you simply take for granted you owe to the efforts of men who are better than you.
- You want to know the irony? Listen up, CEOs, et al. This is how your working class, especially those of highly advanced education, think of you and your infantilish idiocies.
Gosh, was that fun or what?
03/23/2012 -- Renewal of the idea (and related energies) via Cooper and CiE.
11/21/2010 -- Three years ago, it was said: Computational foci raise miraculous need. Still applies.
11/03/2010 -- A big oops is emerging from the decimation of proper economic thinking through appeal to the higher-order thinking of the elites.