Thanks Glenn. I think you are digging at the core of our humanity and societal motivational constructs. As an "arm chair" hobby economist (I am an undergraduate econ minor), your words often parallel my ideas on justice, equality, and individual and societal motives. As an active business owner, I don't often have the time or energy to pen my ideas out so it is refreshing and encouraging to read your work and to know that there are at least some smart people in academia who in my opinion...."get it". Keep up the fight!
Where do economists talk about Net Domestic Product? Where is the data on the annual depreciation of automobiles purchased by consumers since Sputnik?
Years ago I asked a PhD economist to explain how an automobile engine worked. He couldn't even start. But he drove an SUV that was Whiter than he was. LOL! I had another conversation with a man who told me he "Loved Cars!" He didn't know a cam shaft from a crank shaft.
We are living in a technological society where most of the people in The Market cannot evaluate the products. I worked for IBM. I never saw the word benchmark on any IBM documentation. I had to write my own. Smartphones today is more powerful than 1980s mainframes. It is both astonishing and hilarious.
True, but understanding the human soul is the key to getting the hard work practical and right. (actionable economic trends and forecasting, and leadership among others)
Thanks Glenn. I think you are digging at the core of our humanity and societal motivational constructs. As an "arm chair" hobby economist (I am an undergraduate econ minor), your words often parallel my ideas on justice, equality, and individual and societal motives. As an active business owner, I don't often have the time or energy to pen my ideas out so it is refreshing and encouraging to read your work and to know that there are at least some smart people in academia who in my opinion...."get it". Keep up the fight!
Oh please!
Where do economists talk about Net Domestic Product? Where is the data on the annual depreciation of automobiles purchased by consumers since Sputnik?
Years ago I asked a PhD economist to explain how an automobile engine worked. He couldn't even start. But he drove an SUV that was Whiter than he was. LOL! I had another conversation with a man who told me he "Loved Cars!" He didn't know a cam shaft from a crank shaft.
We are living in a technological society where most of the people in The Market cannot evaluate the products. I worked for IBM. I never saw the word benchmark on any IBM documentation. I had to write my own. Smartphones today is more powerful than 1980s mainframes. It is both astonishing and hilarious.
Sophistry, par excellence. We choose not to do the things which are hard but rather wax poetic about the human soul, which is easy.
True, but understanding the human soul is the key to getting the hard work practical and right. (actionable economic trends and forecasting, and leadership among others)