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The Problem with Paul Samuelson
21 hours ago ago from Bill Totten\'s Weblog
Elegant Theories That Didn't Work by Michael Hudson Counterpunch (December 14 2009) Paul Samuelson, America's best known economist, died on Sunday. He was awarded the Nobel prize for economics, (founded one year earlier by a Swedish bank in 1970 "in honor of Alfred Nobel"). That award elicited this trenchant critique, published by Michael Hudson in Commonweal (December 18 1970). The essay was titled "Does economics deserve a Nobel ...
Related content: Unforced variations
6 hours ago ago from RealClimate
Open thread for various climate science-related discussions. Suggestions for potential future posts are welcome. Ooops scientists getting hit a new Washington Post-ABC News poll after Scientists losing credibility with the public: Scientists themselves also come in for more negative assessments in the poll, with four in 10 Americans now saying that they place little or no trust in what scientists have to say about the ...
Related contentMisplaced Faith
23 hours ago ago from Jeofurry's Jesus Journey
Everyone lives by faith in more ways than they care to admit. Even the atheist exercises faith on a daily basis. We had faith that the chair we are sitting in was going to hold us up before we sat down (admit it, you don't think twice about sitting down most of the time because you have faith that the chair will do what it is supposed to do). Some may call that analogy silly or frivolous but it is accurate. I have faith in much bigger ...
Related contentTwo Words... "Vested Interests" - Economic Theory And The Disdain For Empirical Verification
22 hours ago ago from Razed By Wolves
. . " The validity of a theory proper does not depend on the correspondence or lack of it between the assumptions of the theory or its conclusions and observations in the real world. A theory as an internally consistent system is valid if the conclusions follow logically from its premises, and the fact that neither the premises nor the conclusions correspond to reality may show that the theory is not very useful, but does not invalidate it. ...
Related contentEvolution CORRODING Education
12 hours ago ago from The Foolishness of Darwinism
The thing is the Jesuits have succeeded in what they wanted- downgrade America! The Jesuit plan of evolution is DOING TERRORS not wonders to the school system especially the public ones. They got rid of the Bible (everything in it) and called it Communism allowing REAL Communism to step in and replaced Genesis with the pseudo-science of evolution- the teaching of the survival of the fittest where might makes right and the one true God is ...
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