Dust flux, Vostok ice core

Dust flux, Vostok ice core
Two dimensional phase space reconstruction of dust flux from the Vostok core over the period 186-4 ka using the time derivative method. Dust flux on the x-axis, rate of change is on the y-axis. From Gipp (2001).

Monday, January 17, 2011

Praise from Gonzalo Lira! But . . .

For a comment on his article "Why democracies will always go bankrupt" available here.




mickeyman said...




I think the problem is that economics, which seems that it should be an observational science, is in reality a formal system with axioms and rules of inference. All of the different schools of economics only differ in their particular choices of axioms. If the axioms are actually false statements, then the system generates absurdities, the result of which we can see all around us.


Gonzalo Lira said...




Mickeyman,

You've written the smartest thing of all the comments—you've successfully diagnosed what's wrong with economics as a discipline: "A formal system of axioms and rules of inference. All of the different schools of economics only differ in their particular choices of axioms. If the axioms are actually false statements, then the system generates absurdities, the result of which we can see all around us."

Exactly.

GL

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