Deep Economics

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Deep Economics

Postby Eric_The_Pipe » Sat Jan 10, 2015 2:11 am

I'm going to post interesting articles, focusing on Economics.

Right now I'm reading stuff that debunks the Thomas Piketty book, which I'm almost done with... It's huge...

Here is one:
Challenging the Empirical Contribution of Thomas Piketty's Capital in the 21st Century

Another one:
Mr. Piketty's Big Book of Marxiness

The first one is more focused on showing the flaws with the economics, and is very economic... Jonah's is better written, and more Political Sciency...
“Give a man a fish and he will ask for tartar sauce and French fries! Moreover, some politician who wants his vote will declare all these things to be among his ‘basic rights’” – An old saying rewritten by a follower of Thomas Sowell

"It's true that the bastards would win. But we shouldn't shut down a system just because the bastards win. A good system should be like a hamster wheel for bastards hooked up an electric generator. A well designed system is not one that prevents bastards from winning, but one that generates a lot of positive externalities from bastards trying to beat each other. And that's exactly what markets do. Markets entice bastards, they reward bastards, and the bastards love them, but as they operate they generate a lot of good that inadvertently benefits everyone else." - Carleas

The Newest EconPop: Economics of Demolition Man

The man, Thomas Sowell: Wealth, Poverty and Politics

Sowell's Writing
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Re: Deep Economics

Postby Uccisore » Sat Jan 10, 2015 6:19 am

Eric_The_Pipe wrote:I'm going to post interesting articles, focusing on Economics.

Right now I'm reading stuff that debunks the Thomas Piketty book, which I'm almost done with... It's huge...

Here is one:
Challenging the Empirical Contribution of Thomas Piketty's Capital in the 21st Century

Another one:
Mr. Piketty's Big Book of Marxiness

The first one is more focused on showing the flaws with the economics, and is very economic... Jonah's is better written, and more Political Sciency...



Jonah Goldberg should be required reading for any hard leftist who wants to know who they are with respect to the rest of the world.
http://www.youtube.com/watch?v=n8mPuckq ... ure=vmdshb

http://deepfreeze.it/ Curious about corrupt practices in video game journalism? Look no further.
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Re: Deep Economics

Postby Eric_The_Pipe » Sat Jan 10, 2015 8:04 am

Uccisore wrote:Jonah Goldberg should be required reading for any hard leftist who wants to know who they are with respect to the rest of the world.
I disagree. Jonah Goldberg should be required reading for everyone. Along with Thomas Sowell and Saul Alinsky.

Saul Alinsky thrown in because he does his best to say exactly what Jonah says, but does so as though it is a good thing. He is amazing for understanding how the left works, but not what they believe.
“Give a man a fish and he will ask for tartar sauce and French fries! Moreover, some politician who wants his vote will declare all these things to be among his ‘basic rights’” – An old saying rewritten by a follower of Thomas Sowell

"It's true that the bastards would win. But we shouldn't shut down a system just because the bastards win. A good system should be like a hamster wheel for bastards hooked up an electric generator. A well designed system is not one that prevents bastards from winning, but one that generates a lot of positive externalities from bastards trying to beat each other. And that's exactly what markets do. Markets entice bastards, they reward bastards, and the bastards love them, but as they operate they generate a lot of good that inadvertently benefits everyone else." - Carleas

The Newest EconPop: Economics of Demolition Man

The man, Thomas Sowell: Wealth, Poverty and Politics

Sowell's Writing
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Re: Deep Economics

Postby turtle » Sat Jan 10, 2015 2:48 pm

I think a lot of this talk is missing the point....we need a balance between liberal and conservative thinking ...not either or...
big money is buying both parties...that is not good for either party ..
what do you think pipe...
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Re: Deep Economics

Postby Eric_The_Pipe » Mon Jan 12, 2015 5:48 pm

turtle wrote:I think a lot of this talk is missing the point....we need a balance between liberal and conservative thinking ...not either or...
big money is buying both parties...that is not good for either party ..
what do you think pipe...
Liberal and Conservative are not limited to parties. The only thing that is limited to parties is politicians. And politicians are human, and have the goal of being reelected, presumably so they can keep politicianing things.

Money is simply a tool. Attempting to limit tool access based on arbitrary measures is a waste of time. Limiting politicians however is actually useful. That would also require limiting the abilities of the government. The first thing bought and sold, if government controls buying and selling, is the government. (paraphrased from PJ O'Rourke)

But that's not really my goal with this thread, which is to post Economic things. The deeper ends of Economics...
“Give a man a fish and he will ask for tartar sauce and French fries! Moreover, some politician who wants his vote will declare all these things to be among his ‘basic rights’” – An old saying rewritten by a follower of Thomas Sowell

"It's true that the bastards would win. But we shouldn't shut down a system just because the bastards win. A good system should be like a hamster wheel for bastards hooked up an electric generator. A well designed system is not one that prevents bastards from winning, but one that generates a lot of positive externalities from bastards trying to beat each other. And that's exactly what markets do. Markets entice bastards, they reward bastards, and the bastards love them, but as they operate they generate a lot of good that inadvertently benefits everyone else." - Carleas

The Newest EconPop: Economics of Demolition Man

The man, Thomas Sowell: Wealth, Poverty and Politics

Sowell's Writing
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Re: Deep Economics

Postby James S Saint » Mon Jan 12, 2015 8:22 pm

The three controls of every government are;
1) Money (economics)
2) Medicine (health)
3) Media (mind)

By controlling one (money), the others are within reach. By controlling any two, the third is assured. By controlling all three, one becomes a god.

Such has been known for thousands of years and has been the aspiration of every middle eastern religion. As of 1913's formation of the FED, (1) was accomplished in the USA. The formation of the AMA was the second. In 1980, the third was established. You now live in a totally controlled society wherein the economics is merely a stage play to suit the ambitions and purposes of others who are well outside your reach, purview, and judgment.
Clarify, Verify, Instill, and Reinforce the Perception of Hopes and Threats unto Anentropic Harmony :)
Else
From THIS age of sleep, Homo-sapien shall never awake.

The Wise gather together to help one another in EVERY aspect of living.

You are always more insecure than you think, just not by what you think.
The only absolute certainty is formed by the absolute lack of alternatives.
It is not merely "do what works", but "to accomplish what purpose in what time frame at what cost".
As long as the authority is secretive, the population will be subjugated.

Amid the lack of certainty, put faith in the wiser to believe.
Devil's Motto: Make it look good, safe, innocent, and wise.. until it is too late to choose otherwise.

The Real God ≡ The reason/cause for the Universe being what it is = "The situation cannot be what it is and also remain as it is".
.
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Re: Deep Economics

Postby Uccisore » Tue Jan 13, 2015 10:09 am

I find it interesting that Piketty calls the income inequality caused by capitalism "arbitrary". I don't see how anybody who knows what a free market is could consider the winners or losers to be arbitrarily chosen- they are chosen by something enormously complex, but still systematic. It seems like a problem with left economics is that it things wealth would be distributed by criteria that have nothing to do with economics- why isn't this good person wealthy, why isn't that smart person wealthy, why is somebody I think is mean wealthy.
http://www.youtube.com/watch?v=n8mPuckq ... ure=vmdshb

http://deepfreeze.it/ Curious about corrupt practices in video game journalism? Look no further.
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Re: Deep Economics

Postby James S Saint » Tue Jan 13, 2015 1:15 pm

Eric_The_Pipe wrote:The man, Thomas Sowell: Basic Economics, 5th ed

That's a good clip.
Clarify, Verify, Instill, and Reinforce the Perception of Hopes and Threats unto Anentropic Harmony :)
Else
From THIS age of sleep, Homo-sapien shall never awake.

The Wise gather together to help one another in EVERY aspect of living.

You are always more insecure than you think, just not by what you think.
The only absolute certainty is formed by the absolute lack of alternatives.
It is not merely "do what works", but "to accomplish what purpose in what time frame at what cost".
As long as the authority is secretive, the population will be subjugated.

Amid the lack of certainty, put faith in the wiser to believe.
Devil's Motto: Make it look good, safe, innocent, and wise.. until it is too late to choose otherwise.

The Real God ≡ The reason/cause for the Universe being what it is = "The situation cannot be what it is and also remain as it is".
.
James S Saint
ILP Legend
 
Posts: 25976
Joined: Sun Apr 18, 2010 8:05 pm

Re: Deep Economics

Postby d0rkyd00d » Mon Jan 04, 2021 5:51 pm

Eric_The_Pipe wrote:I'm going to post interesting articles, focusing on Economics.

Right now I'm reading stuff that debunks the Thomas Piketty book, which I'm almost done with... It's huge...

Here is one:
Challenging the Empirical Contribution of Thomas Piketty's Capital in the 21st Century

Another one:
Mr. Piketty's Big Book of Marxiness

The first one is more focused on showing the flaws with the economics, and is very economic... Jonah's is better written, and more Political Sciency...


well, looks like Jonah's article aged like a fine turd.

Also a lot of his counterarguments are incorrect.

Resurrecting zombie thread.
"So long as the people do not care to exercise their freedom, those who wish to tyrannize will do so; for tyrants are active and ardent, and will devote themselves in the name of any number of gods, religious and otherwise, to put shackles upon sleeping men." -Voltaire

"If an opinion contrary to your own makes you angry, that is a sign that you are subconsciously aware of having no good reason for thinking as you do."
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