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The author at Cold Spring Shops in a related article titled CLOCKMAKERS OR BEEKEEPERS? writes:
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David Thomson writes:
One should pity Brad DeLong. He is rapidly becoming a marginalized figure within the Democratic Party. He is for free trade while the real power brokers have become fervent protectionists. The man also teaches at Berkeley. This means that he is probably perceived as some sort of right-wing nut case by the faculty and students. It should therefore not surprise anyone that DeLong seemingly feels the need to prove how liberal he is. He also studied at Harvard University. The pervasive mindset of this grossly overrated educational institution is that one should be a knee jerk Democrat. The banal and second rate John Kenneth Galbraith is Harvard’s most famous economist. What more needs to be said? Democrats believe in big government. The principle of Subsidiarity is alien to them. This is why we cannot allow Democrats---and liberal Republicans to win elections. Those who persist to embrace the failed economic policies of the past must not be allowed to dictate our future. Posted September 12, 2005 11:32 AM
spencer writes:
Yes, poor liberal Harvard. We have a President from Harvard, Moreover, one of the leading candidates Gailbraith has been retired for some 20 years, Posted September 12, 2005 12:14 PM
Roger D. McKinney writes:
I agree with Prof Kling. The oil industry is fragmented enough to work farely well as a market. As a result, I expect oil prices to decline much faster than the pop media do. Sometime in the summer of next year, the pipeline from the Caspian Sea to the Med port in Turkey will begin delivering 10 million bpd. The high price has spurred new discoveries in the US, and of course, there's the Canadian tar sands. If I had the money gamble, I would sell oil futues now. Posted September 12, 2005 1:02 PM
Bob Knaus writes:
Amusing analogy, Arnold! I like it. The irony is that the architects of Intelligent Design in the public sector are, in fact, more intelligent than their private-sector counterparts. I cannot google anything relevant due to all the static generated on the web by The Bell Curve, but I do recall reading that people who do well in business management often have IQs in the 120s, whereas the upper reaches of civil service tend to have people with IQs in the 130s. This certainly aligns with my experience as a management consultant to public sector organizations. Upper management was generally quite pleasant to work with -- bright, well educated, strong believers in their agency's mission, and convinced that they were sacrificing potential earnings in the private sector for some higher good. Stereotypical bureacratic bumbling was something I saw mostly at the worker bee level and to a lesser extent at the mid-management level. Seems to me that many academics might do well in agency management, and vice versa :-) Posted September 12, 2005 4:17 PM
Gerhard Riener writes:
@David Thomson: Democrats are for big government? To my opinion this is not a characteristic of either democrat or republican, but of any politician in power. If you look at the Bush administation (not a liberal Republican or even a Democrat) discretionary spending has increased heaviliy and markets have been distorted by its willingness to give loads of contracts not to the most efficient firms but to firms in which their friends have heavy (financial) interest in. This sort of nepotism is worse than a moderatly planning government that sets social directions, a purpose for which it has been democratically elected. Posted September 13, 2005 8:18 AM
Matthew Cromer writes:
The huge difference is that biological evolution is believed by most scientists to be driven by blind changes (random mutations) and that Lamarkian inheritance is not possible, while business firm decisions are teleological (if imperfect!) and Lamarkian inheritance is a given. Posted September 13, 2005 1:24 PM
AJ writes:
Arnold, that's a brilliant juxtaposition - (I had not seen Paolos' comment) What you've pointed at are two conflicting meta-ideas (is there another word for this) that underly views on particular topics of the day -- meta ideas (or philosophical underpinings) and their disagreements seem to go on forever while the opinion-issue of the day evolves with every generation. I've often thought that most people (including intellectuals) go around with their meta ideas already in place and then glom onto various issues of the day which fit those predilections. But when you see, as above, that people regularly hold opposite meta-ideas on two fundamental issues, I'm not so sure. Posted September 14, 2005 8:16 AM
Allan W Janssen writes:
What we have here is failure to communicate! Allan W Janssen (Excerpts from my book “God-101, what the church doesn’t want you to know!”) Posted September 18, 2005 10:29 AM
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