Professor Eichengreen is quite clear when he says:
"It was possible because economists are not obliged to make their data and programs publicly available when publishing scientific research."
It is why economics is not a Science. By and large the area has been captured by ideology. Many practitioners are -unknowingly- in the grip of ideologues of whom they are unaware. Peer review in economics it more informative of the uniformity of the peers than anything it says about the material reviewed.
Milton Friedman’s views are well known. Even better known is the evidence of history. Free markets are inherently unstable. They are of benefit only to the powerful and do great social, environmental and economic harm to the rest of the world.
Milton Friedman’s views have many supporters. The great dissent comes from the evidence. Repeated experiments with this worshiped theory have all ended with the same result; collapse, chaos and rescue by a society that must squander scarce resources to repair what should not have been destroyed. This is repeated every few decades.
We have passed 400ppm Carbon Dioxide in the atmosphere. Our world is being changed beyond what it can handle in the short term. We and our way of life may be the major casualty.
It is late to try to get a grip on this runaway system. We must begin by getting off carbon. We have the technologies at least in part. The research to be done to gain the remainder is the stimulus needed for global economic recovery.
We have a planet to save and our economic woes might vanish on the way.
A much more guarded Soros than we are used to. He is still the most important voice from the sector that has reaped most from the chaos and destruction of the past years. It is important that he clarifies his view of the roots of the crisis. It is inequality.
This bit of writing is humane and very sane. I cannot say the same for "the fifth edition of the Diagnostic and Statistical Manual of Mental Disorders (DSM-5), produced by the American Psychiatric Association". It is a useful example of what is going on in our society. The DSM and the APA are discredited beyond redemption.
Open-Access Economics
Professor Eichengreen is quite clear when he says:
"It was possible because economists are not obliged to make their data and programs publicly available when publishing scientific research."
It is why economics is not a Science. By and large the area has been captured by ideology. Many practitioners are -unknowingly- in the grip of ideologues of whom they are unaware. Peer review in economics it more informative of the uniformity of the peers than anything it says about the material reviewed.
Milton Friedman’s Magical Thinking
Milton Friedman’s views are well known. Even better known is the evidence of history. Free markets are inherently unstable. They are of benefit only to the powerful and do great social, environmental and economic harm to the rest of the world.
Milton Friedman’s views have many supporters. The great dissent comes from the evidence. Repeated experiments with this worshiped theory have all ended with the same result; collapse, chaos and rescue by a society that must squander scarce resources to repair what should not have been destroyed. This is repeated every few decades.
Oily Dirt
We have passed 400ppm Carbon Dioxide in the atmosphere. Our world is being changed beyond what it can handle in the short term. We and our way of life may be the major casualty.
It is late to try to get a grip on this runaway system. We must begin by getting off carbon. We have the technologies at least in part. The research to be done to gain the remainder is the stimulus needed for global economic recovery.
We have a planet to save and our economic woes might vanish on the way.
The Resistible Fall of Europe: An Interview with George Soros
A much more guarded Soros than we are used to. He is still the most important voice from the sector that has reaped most from the chaos and destruction of the past years. It is important that he clarifies his view of the roots of the crisis. It is inequality.
The Distortion of Grief
This bit of writing is humane and very sane. I cannot say the same for "the fifth edition of the Diagnostic and Statistical Manual of Mental Disorders (DSM-5), produced by the American Psychiatric Association". It is a useful example of what is going on in our society. The DSM and the APA are discredited beyond redemption.