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	<title>Comments on: Meyerson the Magnificently Mistaken</title>
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	<description>where orders emerge</description>
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	<item>
		<title>By: D.G. Lesvic</title>
		<link>http://cafehayek.com/2009/10/meyerson-the-magnificently-mistaken.html/comment-page-1#comment-184353</link>
		<dc:creator>D.G. Lesvic</dc:creator>
		<pubDate>Sun, 04 Oct 2009 21:47:00 +0000</pubDate>
		<guid isPermaLink="false">http://cafehayek.com/?p=6680#comment-184353</guid>
		<description>Vike,

I was in a hurry before, but can answer you with a little more care now.

You start out agreeing that there is no non-quantitative mathematics, that it is all about quantities.  So where are the quantities in economics?

You talk about abstractions from them.  But that is to presume the quantities to be abstracted from.  Where are they?

Next, you say that mathematics is a superior language.  Is that just in economics or in everything?  Why in economics any more than anything else, or, if in everything, why don’t we drop English altogether, and speak only in mathematics?

You say that mathematics is innocent, and it makes no sense for me to blame it for its misuse.

Mathematics: I find you guilty of short-cuts, and sentence you to five years of hard labor on the rock pile, counting the rocks, one by one. 

You said, “To complain THAT he laid it out mathematically is as meaningless as claiming that he laid it out in Latvian.”  

And as meaningful.  

You said, “You must find the misidentified concepts in his assumptions, or confess that you don&#039;t really know why or if he is wrong.”

He has confused mathematical with logical concepts.

You asked, “Can your English descriptions come up with actual numbers? If not, then why would you hold a mathematical description to a different standard?”

I wouldn’t.  I wouldn’t expect any language or method of description to come up with examples of something that didn’t exist.

You asked, “Isn&#039;t it useful to understand the abstract relationship between quantities?”

Yes.

And then you asked, “If not, then what exactly do your English-described concepts tell us that is useful?”

Would you like an example?

You conclude: “Errors of thought and sophistry are false thinking--regardless of how those thoughts are expressed.”

You ought to know.
</description>
		<content:encoded><![CDATA[<p>Vike,</p>
<p>I was in a hurry before, but can answer you with a little more care now.</p>
<p>You start out agreeing that there is no non-quantitative mathematics, that it is all about quantities.  So where are the quantities in economics?</p>
<p>You talk about abstractions from them.  But that is to presume the quantities to be abstracted from.  Where are they?</p>
<p>Next, you say that mathematics is a superior language.  Is that just in economics or in everything?  Why in economics any more than anything else, or, if in everything, why don’t we drop English altogether, and speak only in mathematics?</p>
<p>You say that mathematics is innocent, and it makes no sense for me to blame it for its misuse.</p>
<p>Mathematics: I find you guilty of short-cuts, and sentence you to five years of hard labor on the rock pile, counting the rocks, one by one. </p>
<p>You said, “To complain THAT he laid it out mathematically is as meaningless as claiming that he laid it out in Latvian.”  </p>
<p>And as meaningful.  </p>
<p>You said, “You must find the misidentified concepts in his assumptions, or confess that you don&#8217;t really know why or if he is wrong.”</p>
<p>He has confused mathematical with logical concepts.</p>
<p>You asked, “Can your English descriptions come up with actual numbers? If not, then why would you hold a mathematical description to a different standard?”</p>
<p>I wouldn’t.  I wouldn’t expect any language or method of description to come up with examples of something that didn’t exist.</p>
<p>You asked, “Isn&#8217;t it useful to understand the abstract relationship between quantities?”</p>
<p>Yes.</p>
<p>And then you asked, “If not, then what exactly do your English-described concepts tell us that is useful?”</p>
<p>Would you like an example?</p>
<p>You conclude: “Errors of thought and sophistry are false thinking&#8211;regardless of how those thoughts are expressed.”</p>
<p>You ought to know.</p>
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	<item>
		<title>By: DG. Lesvic</title>
		<link>http://cafehayek.com/2009/10/meyerson-the-magnificently-mistaken.html/comment-page-1#comment-184328</link>
		<dc:creator>DG. Lesvic</dc:creator>
		<pubDate>Sun, 04 Oct 2009 17:55:00 +0000</pubDate>
		<guid isPermaLink="false">http://cafehayek.com/?p=6680#comment-184328</guid>
		<description>Vike,

I don&#039;t think you understand how I really feel about you, so tell me how to say I love you in mathematics.  And, while you&#039;re at it, can&#039;t stand you.</description>
		<content:encoded><![CDATA[<p>Vike,</p>
<p>I don&#8217;t think you understand how I really feel about you, so tell me how to say I love you in mathematics.  And, while you&#8217;re at it, can&#8217;t stand you.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: D.G. Lesvic</title>
		<link>http://cafehayek.com/2009/10/meyerson-the-magnificently-mistaken.html/comment-page-1#comment-184325</link>
		<dc:creator>D.G. Lesvic</dc:creator>
		<pubDate>Sun, 04 Oct 2009 17:30:00 +0000</pubDate>
		<guid isPermaLink="false">http://cafehayek.com/?p=6680#comment-184325</guid>
		<description>Viking,

I sure can&#039;t understand you in English, so why didn&#039;t you try explaining all that to me in mathematics, if it&#039;s such a superior language?

And why don&#039;t we dispense with English altogether, and speak mathematics in everything, not just economics?</description>
		<content:encoded><![CDATA[<p>Viking,</p>
<p>I sure can&#8217;t understand you in English, so why didn&#8217;t you try explaining all that to me in mathematics, if it&#8217;s such a superior language?</p>
<p>And why don&#8217;t we dispense with English altogether, and speak mathematics in everything, not just economics?</p>
]]></content:encoded>
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		<title>By: Anonymous</title>
		<link>http://cafehayek.com/2009/10/meyerson-the-magnificently-mistaken.html/comment-page-1#comment-184262</link>
		<dc:creator>Anonymous</dc:creator>
		<pubDate>Sun, 04 Oct 2009 08:39:00 +0000</pubDate>
		<guid isPermaLink="false">http://cafehayek.com/?p=6680#comment-184262</guid>
		<description>Jeff was taking a very shallow wade through the ambiguities.  The abstractions that form mathematics are precisely abstractions from quantities.  The relations are abstractions of relationships among quantities.  Mathematics is THE discipline for thinking about quantities.The &quot;counting without numbers and measuring without magnitudes&quot; isn&#039;t false.  It is merely abstraction--the recognition of similarities and differences between observations.  And it is abstraction so close to its concretes that it is prime facie true.  How can you deny that a common characteristic of 2 feet, 2 dollars, 2 Euros, 2 fish, and 2 seconds, is accurately embodied in the concept of &quot;2&quot;?  Would you deny that the quantitative relationships derived from &quot;2&quot; are not precisely those observed in the collection of concretes from which it was abstracted?And whether you want to just think through the relationships internally, or describe them in written English, or express them in the well-developed symbolics of mathematics, makes no difference when it is the same concepts being communicated.  If your thinking is rational, your conclusions will be the same.  However, mathematics is a recommended language, since it is less ambiguous and may by virtue of the symbolic presentation reveal insights into the greater well-developed field of mathematics that you otherwise would not have seen.Mathematics is completely innocent of anything, in every possible context, in the same way that noncontradiction, identity, consciousness, and monitor you are looking at are innocent.  They simply are.Now if you think some mathematical model of reality is false or unrealistic, it makes no sense for you to blame &quot;mathematics&quot;.  If his model doesn&#039;t work, there must be a REAL reason for it not working.  Assuming his mathematical manipulations are correct, then there must be something in his implicit or explicit assumptions.  At least the fact that he laid it out mathematically gives you a clearer picture of what he is claiming (provided you have sufficient mathematics proficiency), and therefore an easier task of identifying the mistakes.To complain THAT he laid it out mathematically is as meaningless as claiming that he laid it out in Latvian.  You must find the misidentified concepts in his assumptions, or confess that you don&#039;t really know why or if he is wrong.&quot;can never give you any actual examples of their alleged mathematical economics, ecconomics with actual numbers&quot;Maybe that is asking too much.  Can your English descriptions come up with actual numbers?  If not, then why would you hold a mathematical description to a different standard?  Isn&#039;t it useful to understand the abstract relationship between quantities?  If not, then what exactly do your English-described concepts tell us that is useful?Errors of thought and sophistry are false thinking--regardless of how those thoughts are expressed.</description>
		<content:encoded><![CDATA[<p>Jeff was taking a very shallow wade through the ambiguities.  The abstractions that form mathematics are precisely abstractions from quantities.  The relations are abstractions of relationships among quantities.  Mathematics is THE discipline for thinking about quantities.The &#8220;counting without numbers and measuring without magnitudes&#8221; isn&#8217;t false.  It is merely abstraction&#8211;the recognition of similarities and differences between observations.  And it is abstraction so close to its concretes that it is prime facie true.  How can you deny that a common characteristic of 2 feet, 2 dollars, 2 Euros, 2 fish, and 2 seconds, is accurately embodied in the concept of &#8220;2&#8243;?  Would you deny that the quantitative relationships derived from &#8220;2&#8243; are not precisely those observed in the collection of concretes from which it was abstracted?And whether you want to just think through the relationships internally, or describe them in written English, or express them in the well-developed symbolics of mathematics, makes no difference when it is the same concepts being communicated.  If your thinking is rational, your conclusions will be the same.  However, mathematics is a recommended language, since it is less ambiguous and may by virtue of the symbolic presentation reveal insights into the greater well-developed field of mathematics that you otherwise would not have seen.Mathematics is completely innocent of anything, in every possible context, in the same way that noncontradiction, identity, consciousness, and monitor you are looking at are innocent.  They simply are.Now if you think some mathematical model of reality is false or unrealistic, it makes no sense for you to blame &#8220;mathematics&#8221;.  If his model doesn&#8217;t work, there must be a REAL reason for it not working.  Assuming his mathematical manipulations are correct, then there must be something in his implicit or explicit assumptions.  At least the fact that he laid it out mathematically gives you a clearer picture of what he is claiming (provided you have sufficient mathematics proficiency), and therefore an easier task of identifying the mistakes.To complain THAT he laid it out mathematically is as meaningless as claiming that he laid it out in Latvian.  You must find the misidentified concepts in his assumptions, or confess that you don&#8217;t really know why or if he is wrong.&#8221;can never give you any actual examples of their alleged mathematical economics, ecconomics with actual numbers&#8221;Maybe that is asking too much.  Can your English descriptions come up with actual numbers?  If not, then why would you hold a mathematical description to a different standard?  Isn&#8217;t it useful to understand the abstract relationship between quantities?  If not, then what exactly do your English-described concepts tell us that is useful?Errors of thought and sophistry are false thinking&#8211;regardless of how those thoughts are expressed.</p>
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		<title>By: Justin P</title>
		<link>http://cafehayek.com/2009/10/meyerson-the-magnificently-mistaken.html/comment-page-1#comment-184151</link>
		<dc:creator>Justin P</dc:creator>
		<pubDate>Sat, 03 Oct 2009 16:34:00 +0000</pubDate>
		<guid isPermaLink="false">http://cafehayek.com/?p=6680#comment-184151</guid>
		<description>Well good thing I didn&#039;t concede anything. </description>
		<content:encoded><![CDATA[<p>Well good thing I didn&#8217;t concede anything.</p>
]]></content:encoded>
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		<title>By: D.G. Lesvic</title>
		<link>http://cafehayek.com/2009/10/meyerson-the-magnificently-mistaken.html/comment-page-1#comment-184094</link>
		<dc:creator>D.G. Lesvic</dc:creator>
		<pubDate>Fri, 02 Oct 2009 21:20:00 +0000</pubDate>
		<guid isPermaLink="false">http://cafehayek.com/?p=6680#comment-184094</guid>
		<description>Vike asked for an example of lumping non-quantitative relations into the same category as quantitative relationships.

Jeff, above, wrote:

&quot;Many maths do not study quantity at all, and indeed were created precisely to avoid quantities.&quot;

And that&#039;s what Daniel&#039;s mathematical economics always came down to, and what mathematical economics must always come down to, counting without numbers and measuring without magnitudes.  For the mathematical economists can never give you any actual examples of their alleged mathematical economics, ecconomics with actual numbers.  All they can ever give you are symbolic allusions to actual numbers, or some isolated number, such as the number of dollars in circulation at a given point in time.  But mathematics implies at least two numbers yielding a third, and that they cannot give you.   Hence, &quot;non-quantititative mathematics,&quot; and a new priestcraft, with a new priesthood, in academic rather than ecclesiastical robes, and chanting in mathematics rather than Latin.

By the way, couldn&#039;t get that reply function to accept this reply.</description>
		<content:encoded><![CDATA[<p>Vike asked for an example of lumping non-quantitative relations into the same category as quantitative relationships.</p>
<p>Jeff, above, wrote:</p>
<p>&#8220;Many maths do not study quantity at all, and indeed were created precisely to avoid quantities.&#8221;</p>
<p>And that&#8217;s what Daniel&#8217;s mathematical economics always came down to, and what mathematical economics must always come down to, counting without numbers and measuring without magnitudes.  For the mathematical economists can never give you any actual examples of their alleged mathematical economics, ecconomics with actual numbers.  All they can ever give you are symbolic allusions to actual numbers, or some isolated number, such as the number of dollars in circulation at a given point in time.  But mathematics implies at least two numbers yielding a third, and that they cannot give you.   Hence, &#8220;non-quantititative mathematics,&#8221; and a new priestcraft, with a new priesthood, in academic rather than ecclesiastical robes, and chanting in mathematics rather than Latin.</p>
<p>By the way, couldn&#8217;t get that reply function to accept this reply.</p>
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	<item>
		<title>By: Anonymous</title>
		<link>http://cafehayek.com/2009/10/meyerson-the-magnificently-mistaken.html/comment-page-1#comment-184078</link>
		<dc:creator>Anonymous</dc:creator>
		<pubDate>Fri, 02 Oct 2009 18:45:00 +0000</pubDate>
		<guid isPermaLink="false">http://cafehayek.com/?p=6680#comment-184078</guid>
		<description>For example?</description>
		<content:encoded><![CDATA[<p>For example?</p>
]]></content:encoded>
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	<item>
		<title>By: D.G. Lesvic</title>
		<link>http://cafehayek.com/2009/10/meyerson-the-magnificently-mistaken.html/comment-page-1#comment-184038</link>
		<dc:creator>D.G. Lesvic</dc:creator>
		<pubDate>Fri, 02 Oct 2009 15:17:00 +0000</pubDate>
		<guid isPermaLink="false">http://cafehayek.com/?p=6680#comment-184038</guid>
		<description>Sorry, Count old boy, buy you&#039;re not going to drain me dry.</description>
		<content:encoded><![CDATA[<p>Sorry, Count old boy, buy you&#8217;re not going to drain me dry.</p>
]]></content:encoded>
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		<title>By: Anonymous</title>
		<link>http://cafehayek.com/2009/10/meyerson-the-magnificently-mistaken.html/comment-page-1#comment-184035</link>
		<dc:creator>Anonymous</dc:creator>
		<pubDate>Fri, 02 Oct 2009 15:10:00 +0000</pubDate>
		<guid isPermaLink="false">http://cafehayek.com/?p=6680#comment-184035</guid>
		<description>Here are two links:


http://cms.bsu.edu/Academics/CollegesandDepartments/MCOB/Programs/Depts/Economics/ResearchandCommunityImpact/FacultyResearch/~/media/DepartmentalContent/MillerCollegeofBusiness/Econ/research/FacultyPapers/coelho2005sej.ashx


http://cms.bsu.edu/Academics/CollegesandDepartments/MCOB/Programs/Depts/Economics/ResearchandCommunityImpact/FacultyResearch/~/media/DepartmentalContent/MillerCollegeofBusiness/Econ/research/FacultyPapers/coelho2005sej.ashx

In case the links don&#039;t work, the first is from the Southern Economic Journal, 71(3), 556-565.

The second was published in Econ Journal Watch, 5(1), 78-90.</description>
		<content:encoded><![CDATA[<p>Here are two links:</p>
<p><a href="http://cms.bsu.edu/Academics/CollegesandDepartments/MCOB/Programs/Depts/Economics/ResearchandCommunityImpact/FacultyResearch/~/media/DepartmentalContent/MillerCollegeofBusiness/Econ/research/FacultyPapers/coelho2005sej.ashx" rel="nofollow">http://cms.bsu.edu/Academics/CollegesandDepartments/MCOB/Programs/Depts/Economics/ResearchandCommunityImpact/FacultyResearch/~/media/DepartmentalContent/MillerCollegeofBusiness/Econ/research/FacultyPapers/coelho2005sej.ashx</a></p>
<p><a href="http://cms.bsu.edu/Academics/CollegesandDepartments/MCOB/Programs/Depts/Economics/ResearchandCommunityImpact/FacultyResearch/~/media/DepartmentalContent/MillerCollegeofBusiness/Econ/research/FacultyPapers/coelho2005sej.ashx" rel="nofollow">http://cms.bsu.edu/Academics/CollegesandDepartments/MCOB/Programs/Depts/Economics/ResearchandCommunityImpact/FacultyResearch/~/media/DepartmentalContent/MillerCollegeofBusiness/Econ/research/FacultyPapers/coelho2005sej.ashx</a></p>
<p>In case the links don&#8217;t work, the first is from the Southern Economic Journal, 71(3), 556-565.</p>
<p>The second was published in Econ Journal Watch, 5(1), 78-90.</p>
]]></content:encoded>
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		<title>By: Anonymous</title>
		<link>http://cafehayek.com/2009/10/meyerson-the-magnificently-mistaken.html/comment-page-1#comment-184030</link>
		<dc:creator>Anonymous</dc:creator>
		<pubDate>Fri, 02 Oct 2009 14:37:00 +0000</pubDate>
		<guid isPermaLink="false">http://cafehayek.com/?p=6680#comment-184030</guid>
		<description>&quot;Illogical&quot; or &quot;inexact, and that inexactness should always be kept in mind when interpreting results&quot;?</description>
		<content:encoded><![CDATA[<p>&#8220;Illogical&#8221; or &#8220;inexact, and that inexactness should always be kept in mind when interpreting results&#8221;?</p>
]]></content:encoded>
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		<title>By: Anonymous</title>
		<link>http://cafehayek.com/2009/10/meyerson-the-magnificently-mistaken.html/comment-page-1#comment-184029</link>
		<dc:creator>Anonymous</dc:creator>
		<pubDate>Fri, 02 Oct 2009 14:34:00 +0000</pubDate>
		<guid isPermaLink="false">http://cafehayek.com/?p=6680#comment-184029</guid>
		<description>I think he&#039;s actually under the impression that Don is agreeing with him in this post.  In reality Don is just saying that you shouldn&#039;t make sweeping declarations about whether mathematical economics is always good or bad.

Which is ironic, given how sweeping dg&#039;s declarations always are on this subject!!</description>
		<content:encoded><![CDATA[<p>I think he&#8217;s actually under the impression that Don is agreeing with him in this post.  In reality Don is just saying that you shouldn&#8217;t make sweeping declarations about whether mathematical economics is always good or bad.</p>
<p>Which is ironic, given how sweeping dg&#8217;s declarations always are on this subject!!</p>
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		<title>By: Anonymous</title>
		<link>http://cafehayek.com/2009/10/meyerson-the-magnificently-mistaken.html/comment-page-1#comment-184028</link>
		<dc:creator>Anonymous</dc:creator>
		<pubDate>Fri, 02 Oct 2009 14:30:00 +0000</pubDate>
		<guid isPermaLink="false">http://cafehayek.com/?p=6680#comment-184028</guid>
		<description>I prefer &quot;imperfectly quantifying a world that does exist&quot; :)</description>
		<content:encoded><![CDATA[<p>I prefer &#8220;imperfectly quantifying a world that does exist&#8221; <img src='http://cafehayek.com/site/wp-includes/images/smilies/icon_smile.gif' alt=':)' class='wp-smiley' /> </p>
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		<title>By: Anonymous</title>
		<link>http://cafehayek.com/2009/10/meyerson-the-magnificently-mistaken.html/comment-page-1#comment-184027</link>
		<dc:creator>Anonymous</dc:creator>
		<pubDate>Fri, 02 Oct 2009 14:29:00 +0000</pubDate>
		<guid isPermaLink="false">http://cafehayek.com/?p=6680#comment-184027</guid>
		<description>At this point all I can say is &quot;it depends&quot;.  In terms of pure theoretical modeling, it gets even higher resolution than the sectoral level.  Models account for &quot;i&quot; different monopolistically competitive firms that can either respond identically (a less realistic assumption) or that can respond differently (a more realistic assumption).  Empirically speaking, people who model the US economy definitely model down to the sub-sector level.

Aggregation always presents obstacles - but I think ultimately if you approach something empirically the obstacles are much more surmountable.  So let&#039;s say you&#039;re modeling at the sub-sector level.  That gets pretty refined: &quot;women&#039;s apparel&quot;, &quot;auto mechanics&quot;, etc.  You obviously still have an aggregation problem because even within those subsectors there is heterogeneity.  But if you let the data speak for itself and observe how each subsector differentially reacts to something like a change in the interest rate, then you&#039;ve essentially figured out how that heterogeneity impacts your result, even if you can&#039;t actually model all the heterogeneous firms.

Models are never perfect - but they&#039;re not as dumbed down as anti-Keynesians like to imagine they are.  And they certainly are more accomodative to the problems associated with aggregation than vikingvista&#039;s proposed solution.</description>
		<content:encoded><![CDATA[<p>At this point all I can say is &#8220;it depends&#8221;.  In terms of pure theoretical modeling, it gets even higher resolution than the sectoral level.  Models account for &#8220;i&#8221; different monopolistically competitive firms that can either respond identically (a less realistic assumption) or that can respond differently (a more realistic assumption).  Empirically speaking, people who model the US economy definitely model down to the sub-sector level.</p>
<p>Aggregation always presents obstacles &#8211; but I think ultimately if you approach something empirically the obstacles are much more surmountable.  So let&#8217;s say you&#8217;re modeling at the sub-sector level.  That gets pretty refined: &#8220;women&#8217;s apparel&#8221;, &#8220;auto mechanics&#8221;, etc.  You obviously still have an aggregation problem because even within those subsectors there is heterogeneity.  But if you let the data speak for itself and observe how each subsector differentially reacts to something like a change in the interest rate, then you&#8217;ve essentially figured out how that heterogeneity impacts your result, even if you can&#8217;t actually model all the heterogeneous firms.</p>
<p>Models are never perfect &#8211; but they&#8217;re not as dumbed down as anti-Keynesians like to imagine they are.  And they certainly are more accomodative to the problems associated with aggregation than vikingvista&#8217;s proposed solution.</p>
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		<title>By: Surfisto</title>
		<link>http://cafehayek.com/2009/10/meyerson-the-magnificently-mistaken.html/comment-page-1#comment-184024</link>
		<dc:creator>Surfisto</dc:creator>
		<pubDate>Fri, 02 Oct 2009 14:17:00 +0000</pubDate>
		<guid isPermaLink="false">http://cafehayek.com/?p=6680#comment-184024</guid>
		<description>So you would say the econ grad departments are flooded with applicants and is very competitive and there are plenty who &quot;want to spend their lives quantifying a world that doesn&#039;t exist? &quot;
</description>
		<content:encoded><![CDATA[<p>So you would say the econ grad departments are flooded with applicants and is very competitive and there are plenty who &#8220;want to spend their lives quantifying a world that doesn&#8217;t exist? &#8220;</p>
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		<title>By: Surfisto</title>
		<link>http://cafehayek.com/2009/10/meyerson-the-magnificently-mistaken.html/comment-page-1#comment-184023</link>
		<dc:creator>Surfisto</dc:creator>
		<pubDate>Fri, 02 Oct 2009 14:15:00 +0000</pubDate>
		<guid isPermaLink="false">http://cafehayek.com/?p=6680#comment-184023</guid>
		<description>So new Keynesian models not only divide demand once, but &quot;potentially infinite&quot; times? Is this to look at each sector/product/industry, etc to find where the increase or decrease in demand is happening most?</description>
		<content:encoded><![CDATA[<p>So new Keynesian models not only divide demand once, but &#8220;potentially infinite&#8221; times? Is this to look at each sector/product/industry, etc to find where the increase or decrease in demand is happening most?</p>
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		<title>By: Anonymous</title>
		<link>http://cafehayek.com/2009/10/meyerson-the-magnificently-mistaken.html/comment-page-1#comment-184022</link>
		<dc:creator>Anonymous</dc:creator>
		<pubDate>Fri, 02 Oct 2009 13:51:00 +0000</pubDate>
		<guid isPermaLink="false">http://cafehayek.com/?p=6680#comment-184022</guid>
		<description>And I hope you&#039;ve taken a lot of math courses as well.  At this point, GRE math scores are just a way to weed out applications that aren&#039;t even worth looking at.  Most departments have an average score of 780 or 800 on the math.  At that point, you can&#039;t differentiate people based on their GRE score and they rely on your transcript.  Good GRE just gets your foot in the door - make sure you don&#039;t stop there.</description>
		<content:encoded><![CDATA[<p>And I hope you&#8217;ve taken a lot of math courses as well.  At this point, GRE math scores are just a way to weed out applications that aren&#8217;t even worth looking at.  Most departments have an average score of 780 or 800 on the math.  At that point, you can&#8217;t differentiate people based on their GRE score and they rely on your transcript.  Good GRE just gets your foot in the door &#8211; make sure you don&#8217;t stop there.</p>
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		<title>By: Anonymous</title>
		<link>http://cafehayek.com/2009/10/meyerson-the-magnificently-mistaken.html/comment-page-1#comment-184021</link>
		<dc:creator>Anonymous</dc:creator>
		<pubDate>Fri, 02 Oct 2009 13:49:00 +0000</pubDate>
		<guid isPermaLink="false">http://cafehayek.com/?p=6680#comment-184021</guid>
		<description>RE: &quot;even if I concede that point to you, it still doesn&#039;t change the fact that people use his econ to decrease freedoms by an ever expanding government&quot;

But if you conceded that point to me, you&#039;d also have to concede that the people who use his econ to decrease freedoms aren&#039;t really using his econ at all - they&#039;re using a distortion of his econ.  I&#039;m not obligated to apologize for those sorts of mistakes.</description>
		<content:encoded><![CDATA[<p>RE: &#8220;even if I concede that point to you, it still doesn&#8217;t change the fact that people use his econ to decrease freedoms by an ever expanding government&#8221;</p>
<p>But if you conceded that point to me, you&#8217;d also have to concede that the people who use his econ to decrease freedoms aren&#8217;t really using his econ at all &#8211; they&#8217;re using a distortion of his econ.  I&#8217;m not obligated to apologize for those sorts of mistakes.</p>
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		<title>By: Anonymous</title>
		<link>http://cafehayek.com/2009/10/meyerson-the-magnificently-mistaken.html/comment-page-1#comment-183998</link>
		<dc:creator>Anonymous</dc:creator>
		<pubDate>Fri, 02 Oct 2009 10:53:00 +0000</pubDate>
		<guid isPermaLink="false">http://cafehayek.com/?p=6680#comment-183998</guid>
		<description>You are making great sense - let me clarify what I said. It&#039;s definitely a reasonable impulse for vikingvista to do that.  What I found incredible was that he was upset about aggregating into one measure of demand, but he was totally fine with two measures of demand, as if two aggregates somehow avoided the problems associated with aggregation.  In reality, a lot of new Keynesian models go much, much farther than even what he suggested and look at demand for an index of differentiated products - potentially infinite differentiated products, if you want.

I noted different ways that the government could destroy wealth.  That doesn&#039;t mean I think it always does.  I would disagree with vikingvista&#039;s a priori assumption that whatever government spends on is &quot;nonproductive&quot;.  That&#039;s ideology, not economics.  Obviously anyone looking at issues of government spending needs to understand the efficiency problems associated with the government.  But understanding that those problems exist is different from assuming government destroys wealth from the outset. </description>
		<content:encoded><![CDATA[<p>You are making great sense &#8211; let me clarify what I said. It&#8217;s definitely a reasonable impulse for vikingvista to do that.  What I found incredible was that he was upset about aggregating into one measure of demand, but he was totally fine with two measures of demand, as if two aggregates somehow avoided the problems associated with aggregation.  In reality, a lot of new Keynesian models go much, much farther than even what he suggested and look at demand for an index of differentiated products &#8211; potentially infinite differentiated products, if you want.</p>
<p>I noted different ways that the government could destroy wealth.  That doesn&#8217;t mean I think it always does.  I would disagree with vikingvista&#8217;s a priori assumption that whatever government spends on is &#8220;nonproductive&#8221;.  That&#8217;s ideology, not economics.  Obviously anyone looking at issues of government spending needs to understand the efficiency problems associated with the government.  But understanding that those problems exist is different from assuming government destroys wealth from the outset.</p>
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		<title>By: D.G. Lesvic</title>
		<link>http://cafehayek.com/2009/10/meyerson-the-magnificently-mistaken.html/comment-page-1#comment-183994</link>
		<dc:creator>D.G. Lesvic</dc:creator>
		<pubDate>Fri, 02 Oct 2009 09:48:00 +0000</pubDate>
		<guid isPermaLink="false">http://cafehayek.com/?p=6680#comment-183994</guid>
		<description>Vikingvista wrote,

&quot;Please Dear DG. Please correct my logic.&quot;

It is illogical to lump non-quantitative relations into the same category with quantitative relations, and nullify the distinction between them.

And to those who cannot see the difference, I can only say that I see it, and regret that I cannot give sight to the blind.
</description>
		<content:encoded><![CDATA[<p>Vikingvista wrote,</p>
<p>&#8220;Please Dear DG. Please correct my logic.&#8221;</p>
<p>It is illogical to lump non-quantitative relations into the same category with quantitative relations, and nullify the distinction between them.</p>
<p>And to those who cannot see the difference, I can only say that I see it, and regret that I cannot give sight to the blind.</p>
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		<title>By: Anonymous</title>
		<link>http://cafehayek.com/2009/10/meyerson-the-magnificently-mistaken.html/comment-page-1#comment-183990</link>
		<dc:creator>Anonymous</dc:creator>
		<pubDate>Fri, 02 Oct 2009 07:28:00 +0000</pubDate>
		<guid isPermaLink="false">http://cafehayek.com/?p=6680#comment-183990</guid>
		<description>Please Dear DG.  Please correct my logic.</description>
		<content:encoded><![CDATA[<p>Please Dear DG.  Please correct my logic.</p>
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