I'm pretty sure it's hard to profit off genocide on a nation scale. I mean, it isn't like killing a few million taxpayers is a Good Thing so far as fiscal outcomes go right?
mghani said:
When did we dispose the view of him [Ferguson] as a pseudo-scientist? I missed it.
Economic isn't a science; Ferguson isn't even an economist; Ferguson is a historian; Ferguson doesn't make scientific claims; therefore Ferguson isn't a pseudo-scientist. That's kind of definitive no?
mghani said:
Whether or not Hegel was a racist is not the point. The bottomline is that inspite of being a brilliant mind and intellectual he proposed pseudo-scientific racist theories.
There's no scientific claim advanced in the text.
mghani said:
Ahhh, what I can say. You caught me again. Malthus existed before Economics was an established science (or as you put it, social science). In other words he helped invent what we now recognise Economics, which I grant is not the same thing as being an economist.
To restate a point: economics isn't a science. Malthus also didn't 'invent' economics, whatever the hell that means; he had at most a peripheral role to play in the formation of political economy which later developed into economics. For an indication of his relative importance he was mentioned in just two of the six appendices of the six economics textbooks I had to hand, the same rate as John Stuart Mills, Chairman Mao and
Gregory freaking Mankiw. Both entries devoted a short discussion section to him, with the sole purpose of proving him wrong.
mghani said:
You do not see what is inhuman about describing as Positives "all the causes which tend in any way prematurely to shorten the duration of human life, such as unwholesome occupations, severe labour and exposure to the seasons, bad and insufficient clothing arising from poverty … the whole train of human diseases and epidemics, wars, infanticide, plague, and famine ? Read the Webster Tarpley Link. Forget about wiki.
Quick check: You don't
seriously think that a Church of England prelate thought that wars, epidemics, (loving)
infanticide, plague and famine were good things right? I do hope not. Because
this is what he means:
Thomas Malthus said:
The positive check to population, by which I mean the check that represses an increase which is already begun, is confined chiefly, though not perhaps solely, to the lowest orders of society.
For a helper, think of 'check' in the sense of Chess.
mghani said:
greater genius of these people cannot be discounted because of theories which later evidence (especially in the case of Malthus) proves as flawed. But in the case of ferguson, you need to understand what Krugman and others mean when they describe Niall Ferguson as thus:
And Krugman does indeed know a lot less than economists knew in the 1940s, I mean hasn't heard of stagflation or figured out that AD isn't that great a diagnostic test? You'd think that pseudo-scientist hadn't learned a thing from sixty years of research?
mghani said:
Lemme give you an example of the Sanctity of Debt being a bad thing in of itself. This is from a blog by F. William Engdahl , giving a description of how the Congolese economy was destroyed by the IMF through the implementation of policies which exemplify the Sanctity of Debt philosophy. A philosophy which says paying off debt and deficit reduction should be a premium priority, even if it means humanitarian disaster:
Er, right. That's got nothing to do with sanctity of debt.
mghani said:
The problem with you is your dogmatic position that pseudoscience should be reference only to natural sciences as oppossed to social sciences. I hardly think there is such a thing as a qualified economist who does not see economics as a science. But in any event, here is Nial Ferguson himself describing Economy as a science:
To those of us who first encountered the dismal science of economics in the late 1970s and early 1980s.....
Is it economic textbook trawl time again? I think so! McTaggart, Findlay and Parkin's sixth ed. tells me that economics is
a social science; Waud, Hocking, Maxwell and Bonnici's second ed. tells me economics is
a social science; Jackson, McIver, McConnel and Brue fifth ed. talk about
abstractions... [and] models; while Miller and Shade third ed. talk about economics
as a social science. The behaviour of people is not easy to predict and that is why economists... assemble economic 'laws' in this social science. However, by adopting a scientific approach to problem solving, the economist can assist society. For the record, I teach out of the first.
And the use 'the dismal science' is hardly a claim to economics being a hard science. It's a pet name for economics - originally an insult - that was coined in the 1870s. Quite why it's had the longevity that it has had is beyond me. And while I'm no scholar of science history but I suspect that distinction between a hard - empirical - science and a social science hadn't yet been made in the 1870s to quite the same degree that predominates now. Besides, the dismal social science isn't quite as peppy. But w/e Plot could probably tell us something more in depth. I can't save to say that nobody I know, or nothing I've ever read, has used that phrase to paint economics as a science proper.