Friday, September 23, 2005

The Difference and Wherever I End Up

I got to sit behind James Buchanan at a seminar today, therefore even though I know better, I feel like the study of economics has purpose.

Donald McCloskey writes "the reader is sovereign." I add that 'the audience is sovereign.' Presentation is everything (that is why pornstars shave). If you have a great idea but you cannot convince people that it is great, then it is your fault not the audience's or the reader's. You cannot call everyone (except for yourself) idiots and retreat to your office. You must do some honest self-reflection and improve your idea or your presentation.

Today's seminar taught me that pure positivism is masturbation without climax. Who cares about what is? I know what is. I do not need someone to tell me about it. It is not interesting that temperatures have risen for the past 50 years. The interesting questions are: Why has temperature risen? and What can we do about it?

"The political philosopher cannot discharge his task if he confines himself to be limited by positivism of the scientist, which confines his functions to showing what is the case and forbids any discussion of what ought to be. If he does so, he will have to stop long before he has performed his most important function." F.A. Hayek

Economists are political philosophers. No, good economists are political philosophers.

I just purchased "August and Everything After" again. I can remember my first reaction (at 14 or so) his (Duritz's) voice is monotone. "I have been here before and I deserve a little more. I belong in the service of the queen. I belong anywhere but in between."--Rain King

Where do I belong?

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