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LibertarianAS
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28 Apr 2011, 2:37 am

http://www.paecon.net/

basically a group of leftards woke up a day,saw that 99% of economics are free-market fanatics and said "whoooooooooo the science of economics doesn't support socialism,so they are ....AUTISTIC....yeah AUTISTIC is a nice insult!!"

now I'm autistic

I have Asperger Syndrome

and I really...really hate when a bunch of know far-leftist know nothing use this condition as an insult for further their ret*d propaganda

What do you think?



Master_Pedant
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28 Apr 2011, 2:52 am

I think, first of all, that you're full of crap. 99% of economics is not "free market" - the higher you go in economics, the more you learn of the limitations of perfectly competitive, costless information models (especially if you attend a Saltwater Department). Furthermore, while the name is unfortunate, it was derived from French students who based in solely on the entymology of the word (autism was once a synonymn for schizophrenia and is occassionally used) and the students who came up with "Post-Autistic economics" were using it in this sense:

Medical Dictionary wrote:
autistic thinking preoccupation with inner thoughts, daydreams, fantasies, private logic; egocentric, subjective thinking lacking objectivity and connection with external reality.


http://medical-dictionary.thefreedictio ... c+thinking

I admit that it's unfortunate that this ladden psychatric term came to be associated with "autistic spectrum disorders" in a very confusing way (the single-minded thinking of people on the autistic spectrum is almost always nothing like the disorganized thinking of psychotics), yet is still used in the French language to denote subjective "out of touch"-ness, but language is screwed that way. I guess I'd like if they changed the term to avoid confusion to something like "realistic economics" or "reality based economics".

As for the actual merits of the ideas, some of them probably have merit (I currently occupy the borderlands between the left fringe of New Keynesianism and the most "moderate" edge of Post-Keynesianism).


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LibertarianAS
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28 Apr 2011, 3:11 am

"Heterodox" economics consists almost entirely of hacks, aging Marxians (I do not mean to imply that those are mutually exclusive groups), and postmodern refugees from the English department. It's taken seriously by perhaps -- perhaps -- 1% of the population of economists.



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28 Apr 2011, 3:13 am

Joe Stiglitz, important contributor to work on asymmetric information in economics.

[youtube]http://www.youtube.com/watch?v=9qjvwQrZmpk[/youtube]


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Master_Pedant
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28 Apr 2011, 3:14 am

LibertarianAS wrote:
"Heterodox" economics consists almost entirely of hacks, aging Marxians (I do not mean to imply that those are mutually exclusive groups), and postmodern refugees from the English department. It's taken seriously by perhaps -- perhaps -- 1% of the population of economists.


Technically speaking, Austrians are Heterodox. Regardless, quite a few Post-Keynesian ideas have been incorporated around the innovative edges of the New Keynesian Consensus and my post referenced Saltwater economists as well, those are anything but "heterodox".


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ruveyn
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28 Apr 2011, 6:08 am

Master_Pedant wrote:
Joe Stiglitz, important contributor to work on asymmetric information in economics.

[youtube]http://www.youtube.com/watch?v=9qjvwQrZmpk[/youtube]


It is not the case that (free or mostly free) markets lead to an efficient outcome. But one thing for sure; government always leads to a bad outcome. Governments are essentially parasites on productive people.

ruveyn



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28 Apr 2011, 8:47 am

There we have an agreement moment.



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28 Apr 2011, 3:42 pm

OP called a group 'ret*ds' in the same post in which he complains about the group calling something autistic.

Quote:
It is not the case that (free or mostly free) markets lead to an efficient outcome. But one thing for sure; government always leads to a bad outcome. Governments are essentially parasites on productive people.
Quick: give evidence that would stop me from saying that private corporations are also essentially always parasites on productive people.

Quote:
"Heterodox" economics consists almost entirely of hacks, aging Marxians (I do not mean to imply that those are mutually exclusive groups), and postmodern refugees from the English department. It's taken seriously by perhaps -- perhaps -- 1% of the population of economists.
Hey, we have a spokesman for 99% of the economists in here!

Good.

So, any evidence for any of your claims?
a) Your generalization about Heterodox economists.
b) Your estimation of the amount of economists that take the group seriously.
c) Evidence that popularity leads to better economic models.


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