You don’t say
Heh: The Further Left You Are the Less You Know About Economics
Remember, I do this to entertain me, not you.
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May 7th, 2010 at 9:34 am
I’m simply shocked at this level of ideologically driven ignorance of basic science.
May 7th, 2010 at 9:56 am
100% of libertarians and conservatives think that capitalism isn’t an ideology. 😉
May 7th, 2010 at 9:59 am
Meh, I’m not a fan of any ‘research’ that shows one side or the other being more immersed in TEH STOOPID than the other.
When it comes to economics, I do see those who lean left tend to focus more on the reason than the outcome. “We need to provide health care for EVERYONE!!!!!” without realizing that type of top down control will limit health care even more.
The problem from the right / libertarian side is that they tend to view the effects of the free market in its pure form. *IF* the gov’t would just step aside, yes the market would correct itself faster. But the gov’t isn’t going to step aside, and therefor the market gets distorted and unfortunately, some of the most idiotic ideas of economics seem to work. It’s almost like claiming your perpetual motion machine works, the power cable plugged into the wall be damned!
I’m all for more free market driven ideas, and yeah, the left doesn’t illustrate a commanding grasp of how reality works when it comes to economics, but I’m still not a fan of ‘research’ that tries to ‘prove’ this by gotcha questions.
May 7th, 2010 at 2:43 pm
I saw the website of the EJW and that it looked like it was hosted on geocities, and I thought, “well this isn’t going to be very good.”
But it wasn’t as bad as I thought. What they really showed was not what they purport to show, but they did include plenty of caveats. What they really showed was this: the further left you are, the more likely you are to err in evaluating the negative effects of liberal policies (or positive effects of conservative ones).
They could have but didn’t investigate whether the corollary is true: the further right you are, the more likely you are to err in evaluating the negative effects of conservative policies (or negative effects of liberal ones).
I have a thesis… so if any one wants to give me a big hulking grant to support my research just give me a shout.
My thesis is that the less one knows about economics the more likely one is to be vigorously partisan on economic policy. This is a causal relationship.
I have a second thesis which also represents a causal relationship: the more vigorously partisan one is, the less well one will understand any complex system on which partisan views impinge.
May 7th, 2010 at 2:59 pm
Ok – two corrections. Third paragraph parentheses should read “or positive effects of liberal ones”.
And I should have said replaced the single word “partisan” with two words: “partisan/ideological”.
There.
May 7th, 2010 at 6:15 pm
Since my personal experience with leftists shows that they are invincibly ignorant about basic economics, I don’t have a problem with the story.
May 9th, 2010 at 4:48 pm
Metulj,
That all depends on what you mean by “capitalism”. (And “ideology”, for that matter.”
Other than that, what Robb said.
May 10th, 2010 at 9:53 am
The further Left you are, the more you understand how f*cked up and immoral Neoclassical economics actually is.
May 10th, 2010 at 10:14 am
JJR,
The further Left you are, the more you understand how f*cked up and immoral Neoclassical economics actually is.
The further Left you are, the more likely you are to try to conflate morality and mathematics.
Q: “If Johnny has three apples and sells one to Suzy, how many apples does Johnny have left?”
A: “Overthrow the greedy apple monopolies! Up the proletariat!”