September 17, 2015

Beat me! An invitation nobody can refuse

Comment on Nanikore on ‘How economists argue’


In the intro Diana Strassman gives a correct self-description of what Feynman called cargo cult science: “They're doing everything right. The form is perfect. ... But it doesn't work.” *

Frankly, everybody knows now that orthodox model bricolage is simply a ridiculous exercise. It is a waste of time even to criticize this stuff. “The moral of the story is simply this: it takes a new theory, and not just the destructive exposure of assumptions or the collection of new facts, to beat an old theory.” (Blaug, 1998, p. 703)

So, replace, or help to replace, the defective orthodox models with a superior paradigm (2014) and, for heaven's sake, let all these sitcom arguers and losers stay behind the curve.

What more do you need? Here is your personal invitation: “What is really valued is coming up with a better model, a better theory.” (See intro)

Egmont Kakarot-Handtke

Blaug, M. (1998). Economic Theory in Retrospect. Cambridge: Cambridge University Press, 5th edition.
Kakarot-Handtke, E. (2014). Economics for Economists. SSRN Working Paper Series, 2517242: 1–29. URL

* See Wikipedia