Comments on: Dickie Dear, I think you don’t understand http://timworstall.com/2008/12/21/dickie-dear-i-think-you-dont-understand/ It is all obvious or trivial except... Fri, 25 May 2012 01:39:51 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Wostall, asking the wrong questions | called2account http://timworstall.com/2008/12/21/dickie-dear-i-think-you-dont-understand/comment-page-1/#comment-25714 Wostall, asking the wrong questions | called2account Tue, 06 Jan 2009 01:20:32 +0000 http://timworstall.com/?p=5384#comment-25714 [...] Tim Worstall and his friends on the libertarian far right have had a fun time over Christmas. It would seem they have decided that I am to be their bogeyman, and the abuse has been flowing. Some has been blatantly offensive; when published on slightly more respectable sites such as the Spectator it has to be a little more polite. [...] [...] Tim Worstall and his friends on the libertarian far right have had a fun time over Christmas. It would seem they have decided that I am to be their bogeyman, and the abuse has been flowing. Some has been blatantly offensive; when published on slightly more respectable sites such as the Spectator it has to be a little more polite. [...]

]]> By: Wostall, asking the wrong questions | called2account http://timworstall.com/2008/12/21/dickie-dear-i-think-you-dont-understand/comment-page-1/#comment-25715 Wostall, asking the wrong questions | called2account Tue, 06 Jan 2009 01:20:32 +0000 http://timworstall.com/?p=5384#comment-25715 [...] Tim Worstall and his friends on the libertarian far right have had a fun time over Christmas. It would seem they have decided that I am to be their bogeyman, and the abuse has been flowing. Some has been blatantly offensive; when published on slightly more respectable sites such as the Spectator it has to be a little more polite. [...] [...] Tim Worstall and his friends on the libertarian far right have had a fun time over Christmas. It would seem they have decided that I am to be their bogeyman, and the abuse has been flowing. Some has been blatantly offensive; when published on slightly more respectable sites such as the Spectator it has to be a little more polite. [...]

]]> By: Tax Research UK / Wostall, asking the wrong questions http://timworstall.com/2008/12/21/dickie-dear-i-think-you-dont-understand/comment-page-1/#comment-25684 Tax Research UK / Wostall, asking the wrong questions Mon, 05 Jan 2009 14:56:44 +0000 http://timworstall.com/?p=5384#comment-25684 [...] Tim Worstall and his friends on the libertarian far right have had a fun time over Christmas. It would seem they have decided that I am to be their bogeyman, and the abuse has been flowing. Some has been blatantly offensive; when published on slightly more respectable sites such as the Spectator it has to be a little more polite. [...] [...] Tim Worstall and his friends on the libertarian far right have had a fun time over Christmas. It would seem they have decided that I am to be their bogeyman, and the abuse has been flowing. Some has been blatantly offensive; when published on slightly more respectable sites such as the Spectator it has to be a little more polite. [...]

]]> By: MARK T http://timworstall.com/2008/12/21/dickie-dear-i-think-you-dont-understand/comment-page-1/#comment-25092 MARK T Mon, 22 Dec 2008 08:59:10 +0000 http://timworstall.com/?p=5384#comment-25092 His description of economics as a science pretty much describes climate change science I would say... His description of economics as a science pretty much describes climate change science I would say…

]]> By: So Much For Subtlety http://timworstall.com/2008/12/21/dickie-dear-i-think-you-dont-understand/comment-page-1/#comment-25081 So Much For Subtlety Sun, 21 Dec 2008 20:16:02 +0000 http://timworstall.com/?p=5384#comment-25081 The lack of self awareness is interesting. After all, a lack of perfect knowledge about the future is perfectly reasonable for a Free Market economist. He can, in the spirit of optimism and trust, leave it up to other people. Richard (if I can use his first name and given the frequency with which he graces us with his opinions I feel like an old friend) on the other hand wants to replace the individual decisions made by individual people by Planning. Or something that looks a lot like it. If that is not informed by Perfect Knowledge of the Future, or something close to it, how is it going to work then? We are all going to be forced into some scheme that is no better than a lottery? The lack of self awareness is interesting. After all, a lack of perfect knowledge about the future is perfectly reasonable for a Free Market economist. He can, in the spirit of optimism and trust, leave it up to other people. Richard (if I can use his first name and given the frequency with which he graces us with his opinions I feel like an old friend) on the other hand wants to replace the individual decisions made by individual people by Planning. Or something that looks a lot like it. If that is not informed by Perfect Knowledge of the Future, or something close to it, how is it going to work then? We are all going to be forced into some scheme that is no better than a lottery?

]]> By: DBC Reed http://timworstall.com/2008/12/21/dickie-dear-i-think-you-dont-understand/comment-page-1/#comment-25079 DBC Reed Sun, 21 Dec 2008 19:00:47 +0000 http://timworstall.com/?p=5384#comment-25079 I'm with the Queen on this one" How come none of you economists saw the Credit Crunch coming?" Also "We have these recessions from time to time.None of my governments ever knows what to do about them" Says it all. Can't be much of a predictive science if it does n't see something this big hurtling through space at us. The Henry Georgites predicted it coming but their man was an ex-seaman / drifter with a Mississippi river boat gambler beard,who wrote a best-seller which all trained economists avoid like the plague as instant professional suicide. I’m with the Queen on this one” How come none of you economists saw the Credit Crunch coming?”
Also “We have these recessions from time to time.None of my governments ever knows what to do about them”
Says it all. Can’t be much of a predictive science if it does n’t see something this big hurtling through space at us. The Henry Georgites predicted it coming but their man was an ex-seaman / drifter with a Mississippi river boat gambler beard,who wrote a best-seller which all trained economists avoid like the plague as instant professional suicide.

]]> By: Gavin Kennedy http://timworstall.com/2008/12/21/dickie-dear-i-think-you-dont-understand/comment-page-1/#comment-25074 Gavin Kennedy Sun, 21 Dec 2008 17:04:28 +0000 http://timworstall.com/?p=5384#comment-25074 Tim I agree with your criticism of the version of economics presented by Richard Murphy. He is talking highly-biased nonsense. However, as a classical Smithian (if I may use such a phrase) I have to say (for balance) that most modern, especially neoclassical, growth theories are about how their models of growth work and not about how economies grow. Tim
I agree with your criticism of the version of economics presented by Richard Murphy. He is talking highly-biased nonsense.

However, as a classical Smithian (if I may use such a phrase) I have to say (for balance) that most modern, especially neoclassical, growth theories are about how their models of growth work and not about how economies grow.

]]>