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A Social Science(?)

Roger Pielke, Jr. writes:

Brad DeLong emailed me with a verbatim version of comments entered on my post about his attack-by-proxy on me by someone named “brad”. I had assumed that “brad” was not Professor Brad DeLong because “brad”’s comments were so sophmoric and inane, but apparently they are one and the same person.

(…)

A comment shows up:

Roger, I find Climatology and Economics to be similar in their personality quirks (a kind description.) Both are replete with huge egomaniacal leaders who cultivate a cult following. Many of the leaders in each field are more about politics than their ?science?.

My response to the comment:

That’s true, unfortunately. The problem stems from common features of both fields: lack of truly controlled experiments, tinkering with complex systems that cannot be put under laboratory examination, close ties to politics and policy making, strong mixture of ideology and facts.

Contrary to physics or mathematics (which I learn to respect more and more), in economics you can draw completely opposite normative conclusions from the very same paper. This is the reason why I hate the distinction between positive and normative economics. I would prefer to call them just “economics” and “politics”.

Just the Way It Is

University of London External System Exam Results

University of London External System staff has finally published exam results online. It seems that I have passed both 05A – Mathematics I and 96 – Economic history in the 20th century. I hope that everybody else did well during this session, too.

My plan for 2009/2010 is slightly more ambitious as I intend to take three half units (H) and one full unit (F):

  • 05B – Mathematics II (H)
  • 04A – Statistics I (H)
  • 04B – Statistics II (H)
  • 02 – Introduction to economics (F)

If I pass these exams I will go into a full throttle mode and have two years worth of what amounts to four full units a year.

The Most Dangerous Question of All

In his 1983 essay, “Behind the Painted Smile” [I], Alan Moore, a prolific British writer known mostly for authoring highly acclaimed graphic novels like “V for Vendetta”, “Watchmen” and “From Hell”, gives a hint on what not to ask an artist (ad why):

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Markets and Fairness

One of the most common ideas about the behavior of a perfectly structured market is that it would provide higher rewards for people who work harder. In the end, this is how it should work, this is the fair way to distribute income – rewarding effort, punishing idleness. Or should it?

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