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Are Economists Worth Listening To?
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 Stirlingsays  20 Jul 18 6.16pm |
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Originally posted by PalazioVecchio
Economics tries to apply scientific methods to answer difficult big questions about large numbers of actors and forces. Go and read the Freakonomics books. An excellent introduction to the application of statistical principles to the real world. favourite example from the 'gun control lobby' in the US. Many more people are killed annually by swimming pools than by guns. Only when put against against accidental gun death of course. When homicide by gun is added that statistic changes.
'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen) |
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| .TUX. 20 Jul 18 6.41pm |
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Are Economists Worth Listening To? The good ones are because they have no agenda, hence why you rarely see them on MSM.
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| Brentmiester_General Front line in the battle against t... 20 Jul 18 8.57pm |
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Originally posted by PalazioVecchio
Economics tries to apply scientific methods to answer difficult big questions about large numbers of actors and forces. Go and read the Freakonomics books. An excellent introduction to the application of statistical principles to the real world. favourite example from the 'gun control lobby' in the US. Many more people are killed annually by swimming pools than by guns. How do you arm a murderous killer with a swimming pool? No Barrymore jokes please. Edited by Brentmiester_General (20 Jul 2018 9.10pm)
"We love you Palace, we f@cking hate Man U, We love you Palace, we hate the brighton too, We love you Palace we play in red 'n' blue, so f@ck you, and you ... |
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| .TUX. 20 Jul 18 9.08pm |
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Originally posted by Brentmiester_General
How do you are a murderous killer with a swimming pool? No Barrymore jokes please. BrentJagerMeister is in the building
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| Brentmiester_General Front line in the battle against t... 20 Jul 18 9.11pm |
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Originally posted by .TUX.
BrentJagerMeister is in the building Please. A little respect would go a long way. Jagermeister!? I’m not a pleb. Good play on words though non the less. Let’s not forget what Winston Churchill managed to achieve while mostly pissed as well. Edited by Brentmiester_General (20 Jul 2018 9.12pm) Edited by Brentmiester_General (20 Jul 2018 9.13pm)
"We love you Palace, we f@cking hate Man U, We love you Palace, we hate the brighton too, We love you Palace we play in red 'n' blue, so f@ck you, and you ... |
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| .TUX. 20 Jul 18 9.39pm |
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Originally posted by Brentmiester_General
Please. A little respect would go a long way. Jagermeister!? I’m not a pleb. Good play on words though non the less. Let’s not forget what Winston Churchill managed to achieve while mostly pissed as well. Edited by Brentmiester_General (20 Jul 2018 9.12pm) Edited by Brentmiester_General (20 Jul 2018 9.13pm) Aligning yourself to a racist?
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| Brentmiester_General Front line in the battle against t... 20 Jul 18 9.51pm |
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Originally posted by .TUX.
Aligning yourself to a racist? Was different back then. No assimilation time afforded. We should be up to speed by now.
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| Brentmiester_General Front line in the battle against t... 20 Jul 18 9.53pm |
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Let’s not take this thread down that same familiar route.
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| .TUX. 20 Jul 18 10.14pm |
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Originally posted by .TUX.
Are Economists Worth Listening To? The good ones are because they have no agenda, hence why you rarely see them on MSM. As i've posted recently, the second half of this year will be more than interesting, economically.
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PalazioVecchio  south pole 21 Jul 18 9.24am |
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as i entered the nightclub, the security staff frisked me to confirm that i was not carrying any hidden swimming pools
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| Stirlingsays 21 Jul 18 9.26am |
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Originally posted by PalazioVecchio
as i entered the nightclub, the security staff frisked me to confirm that i was not carrying any hidden swimming pools
'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen) |
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| Lyons550 Shirley 23 Jul 18 9.54am |
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Originally posted by ddjdd
If you want your opinion on any economic matter to be based on a level of knowledge and understanding, then read and digest what economists have to say. Particularly with things like forecasts, error margins exist and mistakes are made because the world is a chaotic system, and any number of perturbations can occur to throw it off from what was predicted a year ago. If you disagree with what an economist is saying, don't ask 'are economists worth listening to?', that's ridiculous and helps no one, least of all yourself. Instead look at the assumptions they made in their work etc etc, and challenge the logic behind those. On the other hand, if you merely want to back up whatever your political opinion is, then just read opinion pieces from your favourite newspaper (These will have varying degrees of bias). Basically yes they are, and this is another stupid thread.
The clearly they have no real grasp or clue as to what is going on, other than knowing the drivers and resistors that play a part in ALL capitalist economies...and yet they STILL can't use those to come to any insightful, sensible or meaningful predictions. So the question i posed in essence was what is the point of them if they're useless at suggesting anything other than a generic...so far from being a stupid thread. It's akin to a weather presenter suggesting that the Sun will come up tomorrow (based on a known) and that the heat from it will either produce cloud or not.....brilliant!
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