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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (60886)	5/27/1999 11:06:00 AM
From: Defrocked	Read Replies (3) \| Respond to of 132070

In the real world, economic and financial journal articles are worth what the authors are paid to write them. ZILCH. A highly-respected economist friend, who has 10 pages of publications in his Vita, once said he'd take a dollar a page for them for all they were worth.<g> I didn't even give him a dime.<g>

To: Knighty Tin who wrote (60886)	5/27/1999 11:17:00 AM
From: Freedom Fighter	Read Replies (3) \| Respond to of 132070

Mike, My observation of the problem with most economists is that they believe there is a formula that can predict human behavior and the outcome of all the interrelated actions, reactions, and random occurrences. They also assume that the data that is collected is accurate, reflective of the reality, and they can understand all of it. IMHO there aren't any formulas and most of the data sucks. Hence all their solutions for the various ills in the economy tend to produce new and larger sets of unanticipated problems. And each economist, after being presented with the new set of problems, will be totally convinced that if only they had listened to "what I said to do". Now if they would all only listen to me...<g> Wayne