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Krugman is to Economic as Aristole was to Modern Science

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June 24, 2010 – Comments (5)

Mish has a post on Krugman and I wondered how history would view Krugman's insane philosphy.  Being a scientist, I thought about how more then 2000 years ago Democritus was on the right course for develping modern scientific theory about matter and that everything was made of atoms, but Aristotle was more popular and disputed modern science theory in favor of everything is made of earth, wind, fire and water.

5 Comments – Post Your Own

#1) On June 24, 2010 at 8:07 AM, dwot (64.54) wrote:

I hate this lack of editing ability after posting.

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#2) On June 24, 2010 at 9:26 AM, XMFSinchiruna (27.52) wrote:

dwot

At least Aristotle was likely acting in good conscience. I suspect that Krugman has been selected as the Keynesian mouthpiece for the very same insane official policy that is required to address a debt crisis with ever-increasing levels of debt. 

The Austrian School will be the 21st century's Democritus.

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#3) On June 24, 2010 at 11:09 AM, portefeuille (99.60) wrote:

I am so glad we have amateurs that are quoted by other amateurs that want to decide on who should get a noble price in economics. I am not sure what that would mean for my chances of winning the one in physics. I am obviously not good enough as a scientist to receive one but then again I am probably too "professional" to get the support of the amateurs ...

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#4) On June 24, 2010 at 12:08 PM, dwot (64.54) wrote:

TMFSinchiruna,

I suspect there was a lot influence in Krugman getting the Nobel.  If  you look at the history of how the opposing voices were shut down...

And one of the worst parts of it is too many people believed in their false wealth rather then conserving real wealth, making them far less ready for retirement.

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#5) On June 24, 2010 at 1:33 PM, whereaminow (20.89) wrote:

Yes, port, why even have blogs to begin with?  I think we should move forward with the Progressive vision of only having the analysis of vested interests judged by other professionals with vested interests.

Oh wait, that's how it always was before the Internet.  Guess you wanna turn back the clock. Too bad.

David in Qatar

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