Re: People's Party of Australia -- Australian Minor Political Groups

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Date Posted: 16:02:36 05/11/00 Thu
Author: Allan Torrens
Subject: Re: People's Party of Australia
In reply to: Tom 's message, "Re: People's Party of Australia" on 21:21:23 05/10/00 Wed

> Could you elabourate on your interpretation of economic
> rationalism and give examples of economic rationalism?

I understand economic rationalism to represent the economic conclusions derived from the fellacious assumptions such as *homo economis* and his buddies. The assumption of rationality, of rational expectations, the validity of the ceteris parabis assumption etc all allow the conclusions from the ivory tower economics to be ignored as logical outcomes from a carefully predetermined and convenient metaphysics.

Economists spend considerable time working, not to find the answer to a certain question, but pracicing defending a position that they are allready pre-disposed towards!!

They then enforce their academic malpractice on the people under the guise of necessity and by harnessing the power of the special interest groups that are benefited by their supposed "clean" science!!

An analogy given in "The Death of Science" by Ormond is that economic rationalists try to re-create to understand the economy. However, the economy (and society) should be understood as an organism - that is fluid and inherently unpredictable and subject to the "animal spirit" of people - but economic rationalists recreate a machine! Yes, an animal and a car can be likened to each other - but the scope for misinterpretation due to the basic misunderstanding of the nature of the beast leaves economic rationalists with little hope for acceptence outside their ivory tower!

there - I hope that answers your question.

Regards,
Allan Torrens

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