Theme: Incentives

  • “I don’t disagree with Miller’s multiple “standards of justice”. I just would st

    —“I don’t disagree with Miller’s multiple “standards of justice”. I just would state ‘standards of justice’ very differently, using the terms: necessities, demands, incentives, and evolutionary strategies. So, I say the same thing. I just say it very differently. 🙂 That said, a standard of logical decidability in all matters is provided by one universal moral rule: voluntary exchange – but we can build infinitely complex systems upon it. That one rule provides us with Decidability in law regardless of construction of social norms, and that single, necessary inescapable, universal logical test is very different from the contractual terms by which we construct social orders out of various exchanges, and inside of which we produce multiple standards of justice.”—


    Source date (UTC): 2015-02-01 11:36:00 UTC

  • “What, if i may ask, is your criticism of Miller? it would be interesting to see

    —“What, if i may ask, is your criticism of Miller? it would be interesting to see if it holds water”— Ayelam Valentine Agaliba

    (reposted for archival purposes)

    Val,

    I don’t disagree with Miller’s multiple “standards of justice”. I just would state it very differently, as necessities, demands, incentives, and evolutionary strategies. I mean, I say the same thing. I just say it very differently.) That said, standard of logical decidability in all matters is provided by one universal moral rule that is necessary – but we can build infinitely complex systems upon it. That one rule provides us with Decidability in law regardless of construction of social norms, and that single, necessary inescapable, universal logical test is very different from the contractual terms by which we construct social orders out of various exchanges, and inside of which we produce multiple standards of justice.

    One thought: (A Criticism)

    —“By mistakenly supposing that thinking intelligently is identical with

    thinking logically, critical thinking textbooks almost invariably regard the purpose of argument to be a combination of justification and persuasion, authoritarian goals that critical rationalists, and other supporters of the open society, must shun. “— David Miller (Abstract)

    Well, his criticism is correct, in that our populace is being taught very bad (justificationary ideas). But then, he doesn’t solve the problem. Popper’s argument is much narrower than Miller intuits.

    So, I think that this is not quite right. Instead:

    (a) I must justify my actions in accordance with objective morality, local norms and laws. (I must show that I met terms of the contract for cooperation – thus if I err I am blameless and free of restitution.)

    (b) I must warranty my testimony is truthful by critically prosecuting it.

    (c) I must(can) Innovate (reason / Develop Theories) by any free associative principle possible.

    I believe that is the correct hierarchy. Because it is a NECESSARY hierarchy. Just as these are necessary hierarchies:

    (a) Tautology, Deduction, Induction, Abduction, Guessing, and Free associating.

    (b) Teleological ethics, deontological ethics, virtue ethics, and intuitionistic ethics.

    (c) Murder, violence, theft, fraud, omission, indirection, socialization, free riding, privatization, rent seeking, corruption, conspiracy, conversion, invasion, conquest, and destruction.

    (d) manners, ethics, morals, laws, constitutions, property.

    (e) life, movement, memory, cost, property, cooperation, norms, property rights laws, government, state, empire.

    So, I while I understand Miller’s assumption, he is making a mistake of ‘one-ness’ or ‘monopoly’ that is a byproduct of some rather structural errors implicit in the use of logic in the discipline of philosophy. Which, if were instead, express not as manipulation of sets (which is how he works if I remember correctly) , but as a sequence of possible actions (existentially possible categories of actions), then he might not make this mistake. I mean, it seems that falsification is a hammer, and everything appears to be a nail. But at some point this is nothing but framing (using concepts one has specialization in, rather than integrating those concepts into the greater whole.

    And in this case, the greater whole, is the universal language of truth telling: science. And until insights obtained through logical analysis can be converted into truthful speech (scientific language) then it remains UNFALSIFIED. <– ***Which is my underlying argument.***

    One of the things economics teaches you is to think about equilibrating processes that negate all our actions into the realm of marginal indifference, rather than seeking binary truth of states.

    So I would argue that we should be taught the following:

    1) Manners, ethics, and Morality under the Golden Rule, Silver Rule, and the one-rule of property and voluntary exchange. The miracle of cooperation. How we insure one another in a multitude of ways.

    2) Truthfulness, Witness and Testimony (Operationalism and Existential Possibility) as well as how to spot errors in truthfulness, witness, and testimony.

    3) Logic, Grammar, Rhetoric, Debate and Oratory (as we once were), including how to spot ignorance, error, bias, deception, and Loading-Framing-Overloading (“Suggestion that overwhelms reason”).

    4) External Correspondence (empirical observation, analysis and testing) with a nod to Instrumentalism. And how to falsify external correspondence. What a pseudoscience is, and how to spot it.

    5) How to use free association (what we call ‘creativity’) “Filling the shelves of your mind, and then ‘playing’. Which is a discipline if you work at it. (It’s my preferred discipline.)

    6) arithmetic, accounting, finance, economics (in that order)

    7) Mathematics, Algebra, Geometry and Trigonometry, and at least the ‘idea’ of calculus. But taught as the history of the development of these problems that people were solving, instead of as wrote. With far more emphasis on word problems.

    8) Mind. Biology. Chemistry, Physics, (in that order)

    And honestly, I think all philosophy is discardable except as an interesting inquiry into the intellectual history of the struggle to develop science: Truth telling.

    I hope this puts my criticism of Miller in perspective.

    Curt Doolittle


    Source date (UTC): 2015-02-01 10:29:00 UTC

  • DOMINATING THE CONVERSATION (a) Economics justifies political action. (b) histor

    http://www.nytimes.com/2015/01/24/upshot/how-economists-came-to-dominate-the-conversation.html?rref=upshot&_r=0&abt=0002&abg=0ECONOMISTS DOMINATING THE CONVERSATION

    (a) Economics justifies political action.

    (b) historians should be more influential than economists if we are to make good decisions.

    (c) Psychologists should be buried next to theologians.

    (d) demographers should be positioned between historians and economists.

    Demographics->Economics->History


    Source date (UTC): 2015-01-26 06:20:00 UTC

  • Keynesian shell game

    http://econlog.econlib.org/archives/2015/01/the_keynesian_s.htmlThe Keynesian shell game


    Source date (UTC): 2015-01-22 11:53:00 UTC

  • ANGEL INVESTING Listening to other Angels right now. I invest 10K to 100K in bus

    ANGEL INVESTING

    Listening to other Angels right now. I invest 10K to 100K in businesses I can understand, can understand how to take to marketing, that I could take over if I had to, with people I enjoy spending time with. It’s not complicated. I can only understand a limited range of things. I can only afford so much time to understand anything I already don’t. But it is very rarely a question of the ‘goodness of the idea’. Its only a question of whether I can figure out if I will get my money back, and possibly with some profit.


    Source date (UTC): 2015-01-18 10:16:00 UTC

  • HOW MUCH WOULD EVERYONE ? If we took the total tax revenues, and distributed the

    HOW MUCH WOULD EVERYONE ?

    If we took the total tax revenues, and distributed them equally to all american citizens, then how much would each of us receive? Or, think of it the opposite way: assuming that all of us paid equal taxes, how much would each of us pay per year (man, woman, non-working elderly, working, able to work but not working, youth and child?

    $10,000.


    Source date (UTC): 2015-01-15 02:36:00 UTC

  • Stieglitz is up to his usual tricks again. Immoral men. Promoting immoral econom

    Stieglitz is up to his usual tricks again. Immoral men. Promoting immoral economics. Correctly stating that the euro needs to end, or that the euro must support transfers as does America.

    But America is coming apart over theses transfers.

    I have merged morality, philosophy, law and science.

    I have corrected Austrian economics.

    But to displace immoral economics with moral economics is a job that will require imposition of prohibitions on immoral and unethical law and policy.

    It matters far less what people speak if we can punish actions.


    Source date (UTC): 2015-01-11 12:29:00 UTC

  • (worth repeating) —“There is no reason we cannot create a market for (a) the c

    (worth repeating)

    —“There is no reason we cannot create a market for (a) the construction of commons, just as we have created a market for (b) the provision of goods and services, and a ‘market’ for (c)the provision of mates: marriage. But to create a market for the construction of the commons, we must give up on the monopoly of decision making that we gave up under alpha monopoly of reproduction, that we gave up under totalitarian monopoly of organizing agricultural production in the fertile crescent – and now give up on monopoly of production of commons in government.”—


    Source date (UTC): 2015-01-09 02:11:00 UTC

  • RESCUING MISES FROM OSTRACIZATION We know why incentivized leftists do what they

    RESCUING MISES FROM OSTRACIZATION

    We know why incentivized leftists do what they do now, and mises was wrong. Its status seeking, not guilt. Guilt is interestingly more powerful in the jewish construct of man where status seeking is more powerful in western heroic vision. We know that most leftists are genetically determined, and environmentally reinforced. So if one is to deduce human behavior and incentive, one must correction understand the hierarchy of those incentives and he was incorrect.

    My goal isn’t to discredit Mises, it is to eliminate postmodern deceptions and pseudosciences. And to rescue Austrian economics from the damage done, so that I can reintroduce morality into empirical economics, requires that I demonstrate how and why mises was mistaken. The problem is that mises, like many cosmopolitans, argued pseudoscientifically. I understand now why this was done by both germans and jews of their era. But the net is that it is pseudoscientific and must be corrected or be thrown out along with every other pseudoscience. To correct it requires only that correction I have made: mises was mistaken. He had discovered operationalism (intuitionism) in economics as a test of existential possibility. But it is beyond question at this point that economic phenomenon are not deducible from has nonsense ‘axiom’. Instead, we can create theories however we wish, we can test them through criticism. Once we possess them we can create models from them. Models help us investigate the possibility of new theories. However, we must criticize (falsify) our theories to determine if they survive scrutiny. Included in these tests are internal consistency (logic) external correspondence (empirical testing), operational definition (existential possibility), parsimony (falsifiication), as well as morality (voluntary exchange/transfer). These tests warranty that we relay what exists not what we imagine, by laundering imaginary content from our imagined theories, leaving the most accurate description of phenomenon that we can measure.

    From this perspective, Misies is correct: he sought to practice moral economics (exchanges), and the mainstream adopted immoral economics(deceptions). Unfortunately he tried, as germans and jews are want to do, to conflate axiomatic truth and morality, instead of theoretical truth being necessary for the conduct of moral economics.

    This is, I think, how we rescue mises from his ostracized position in history, and restore morality to economics.


    Source date (UTC): 2015-01-08 03:30:00 UTC

  • INCOME INEQUALITY OR FAMILY INEQUALITY? CURT: The degree to which inequality is

    INCOME INEQUALITY OR FAMILY INEQUALITY?

    CURT: The degree to which inequality is attributable to income or family reproduction is the difference between left and right positions on the economy. I suggest, that as usual, the right is more correct than the left. Since if the right position was corrected, the right would tolerate redistribution.

    —“among the wealthiest 20 percent of whites, divorce rates and single parenthood have returned to 1950s levels after a blip upward in the 1970s. But among the poorest 30 percent of whites — and among much larger percentages of Hispanics and blacks — divorce and single parenthood have become a way of life. That is exacerbated by the recent decline in college attendance by young men and the dearth of job opportunities for less educated men. That makes them less marriageable and less prepared to take responsibility for children they may father. Brookings Institution scholar Isabel Sawhill [states that] we are becoming a “bifurcated society,” not just because of income inequality but because of family formation patterns.”—


    Source date (UTC): 2015-01-06 05:14:00 UTC