Wednesday, April 8, 2015

Constructive look at economics II

Moral: Wherein we continue a constructive approach, albeit slowly.

And, while we do so, the world runs on. But, we are not dabbling, real-time, in experimenting with people's lives and well-being, either. Ben cannot say that he was not a cowboy with his creative financing/monetary schemes. Too, Janet cannot say that she has not perpetuated the errors.

So, what is the basic problem here, folks? Well, academics are running the show when it comes to the FED. That would not be so bad if it were science, but we are talking a larger set of issues. Now, business management? Well, that domain has its set of problematics, too. How did this focus on the pseudo-quantitative come to fore?

Well, even since Nash (we'll get back to this) and the advent of computing (ubiquitously so), all hell has broken loose. Not that it was better before, since before then we had mostly the politicos and their warped views. Democracy? Have you noticed that things seemed to have descended to a state of having re-election as the focus for these elected ones?

So, who's watching the baby in the bathwater? Not the academics, folks. They're after papers and fame.

Is it hopeless? No. We can start by trying to understand what is going on.


On the one hand, we have people, who are intelligent. All of them (even those of supposedly lower talents can, and do, know - we  need to get the academics/uppers to wake up to the fact that the universe did not give them brains (or whatever else is their talent) in order to make then the chief kahuna). And, these people (according to the US Declaration of Independence - if you say, it does not apply to you, then, just think of it generally) are endowed with rights, etc.

So, intelligence, and how we think of its use, needs some attention (later). Too, though, rights can conflict. That brings up an issue (the Wall Streeters have a right to get everyone else in hock - oh?).

Well, discussions about humans mostly devolve to idiocy (has always). When will we learn?

Some were happy to see STEM (and all things associated with it) advance in power (ah, politically oriented nerds - is that an oxymoron of some sort?). Yet, that which is behind STEM has problems. These are subtle, hence the conflicts that we see.

Yet, quasi-empirical notions are simple. We will start there. As, Ben has missed that boat. Janet seems to be wanting to impress the boys. Well, Janet, this boy sees those high-falutin' notions as suspect from a deep, foundation'al viewpoint. Of course, the FED deals with daily issues. Yet, it ought not do things like push us to a numeric purgatory (hell?) just because it wants to look modern and smart.

Same goes for the boys/girls playing with finances via computers. There are all sorts of issues that we need to recognize.

To wit: the idiocy of letting loose the wild-west of the web that led to commercial exploitation (all sorts of bad games - yeah, Nash) and insecure practices/states that entrap hapless people. And, a lot more.

That idiocy is not well understood but will be, at some point. That is, how can people who rate so well on standardized tests, and on other means of supposedly being the best, keep getting us, more and more, into more perdition-laden states?

Wait, there is an answer. But, later for that.

Remarks:  Modified: 04/09/2015

04/09/2015 --

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