Re: [Phys-l] frizzi

[William Robertson <wrobert9@ix.netcom.com>]

Okay, said the last was my final post on this, but I have to answer  
this. Are you saying that non-Keynesian economists don't exist?  
They're everywhere. Google it. Start with Walter Williams and Thomas  
Sowell. Regarding the failure of Keynesian economics, please provide a  
success. I can provide the success of cutting tax rates and reducing  
government spending. It was Calvin Coolidge in the early 20's. Got us  
out of a recession in 2 or 3 years. Unemployment rates were  
significant at the time, and he turned it around quickly.

Your comment, "The mainstream of the economic community is far from  
agreeing with your conclusion" is not what one would expect from a  
scientific community. Define mainstream (see previous post). And since  
when did we vote on conclusions in science?

I believe JC said something about people being smart in one area and  
then going with emotion in another. I have observed, over the short  
time I've been on this list, a liberal mindset that often defies  
objectivity and rationality. Could it be that all the physicists in  
this group do not necessarily apply their objectiveness when it comes  
to political issues?

Bill


On Aug 19, 2011, at 10:25 PM, Hugh Haskell wrote:

> At 10:09 PM -0600 8/19/11, William Robertson wrote:
> > There
> > are an equal number of qualified economists who realize that  
> > Keynesian
> > economics has failed every time it's been tried, . . .
>
> Two comments on this sentence:
>
> 1) where is the data on the number of non-Keynesian economists
> around? I would guess that we would have a hard time scaring up 50%
> of the qualified economists (that is those other than the
> "self-declared" ones) who are non-Keynesian.
>
> 2) You have phrased the comment as though this magical 50% have
> discovered a fact, rather than are expressing an opinion. The
> mainstream of the economic community is far from agreeing with your
> conclusion that Keynesian economics has "failed every time it has
> been tried." The failure of Keynsian economics is far from a settled
> issue, and claiming that it is a fact distorts reality. There
> certainly are economists who disagree with Keynesian theory, but I
> doubt that it is a majority and the "failure of Keynesian economics"
> is far from an established fact, regardless of what any given
> economist or group of them think.
>
> Hugh
> --
>
> Hugh Haskell
> mailto:hugh@ieer.org
> mailto:haskellh@verizon.net
>
> It isn't easy being green.
>
> 		--Kermit Lagrenouille
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