September 30th, 2005

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03:15 pm - on committing ultra mega mass genocide...

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on committing ultra mega mass genocide... - graffiti.maverick — LiveJournal

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From: (Anonymous) Date: October 2nd, 2005 - 11:14 pm (Link)

Rant, Part Two

  1. Economists really do believe that people are rational.
    I'm talking choice two here. You do this crap long enough, and it rots your brain. Somewhere around your third overlapping generations savings model, you tend to forget that people sometimes kill each other for sexual gratification. The Kool-Aid's great. Money, leisure good. Risk bad. Whatever else could motivate human behavior?

  2. Economists want to save the world

    After having drunk the Kool-Aid, economists believe that they have stumbled on the perfect rational way to view the world. Economists believe that their models are a perfect way to view family life, crime, abortion or what-not.

    I once worked with a guy who was dying to publish his article on the economics of prostitution. He had it all figured out, and all he needed was a journal who would take it.

    Strangely enough, economists never seem to notice that points one and four might somehow cloud their judgment a bit.

    Now might also be the time to mention the unsurprising observation, that Ayn Rand is really, really big in economic circles. I'm not talking starry-eyes freshman big. I'm talking Mein Kampf, Book of Revelations big.

  3. Economists never notice the fact that economics is mostly crap science.

    As you can tell by departmental placement, most schools consider economics a social science. This really, really irks economists. They do hard math; they shouldn't be placed with sociologists. As beststephi might be able to explain to economists, real science tends to have what is called repeatable experiments, controls and the like. It's kind of hard to tell a country, "That was great. But could you do that recession again, this time with a 7.8 percent interest rate?"

    Economists like to put themselves up on a pedestal with physics and real science (Biologists are crushed by the rejection.). The reality of the matter is that most of the time, economics is just well-argued conjectures with integral signs littered about.

  4. Economists are whores
    Once in primordial times, some politician realized that a crackpot proposal didn't sound so crackpot when you had a PhD explaining it. Since then every right-wing politician, oil company and oppressor of the masses has gone trawling through economics departments with a hundred dollar bill to find someone to turn tricks.

    This doesn't work quite so well with other types of academics. If you see someone on TV arguing that global warming doesn't exist, this is almost never an atmospheric scientist. Ditto for epidemiologists and lung cancer. But you never lack for economists arguing that cutting taxes doesn't increase the deficit. Or economists arguing that global warming doesn't exist. Or economists arguing that cigarettes don't cause lung cancer.

    I suspect that there is a rationality argument here. Money good, and all of that. And if atmospheric scientists aren't going to be rational, somebody's got to do it.

  5. Economists are jerks.

    A while back, a survey was performed ranking professions by their amounts of charitable giving. Economists finished dead last. This is one of those stories that would have been dead a long time ago except for one thing. Economists keep bringing it up. It's one of those things that they like to bring up as light conversational fodder. And they really don't see it as a bad thing.

    I see the invisible hand of Ayn Rand in this one.

  6. </ul>

    Enough rant. Maybe sometime, I'll tell ya what I really think.


    PS Feel free to take any of the above with a grain of salt. And don’t forget that I’ve checked into the Hotel California myself.


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