Editing Talk:1570: Engineer Syllogism
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It's worth note that '''this is also true of economists'''. Unlike mere mathematicians, economists suffer under the delusion that they directly understand how economic activity works and are able to predict its outcomes. But they fail, as Hayek notes in [[Wikipedia: The Counter Revolution of Science|The Counter Revolution of Science]], to understand or even take into account the [[Wikipedia:praxeology|human action]] and motivation<ref>[https://www.youtube.com/watch?v=d0nERTFo-Sk Fear the Boom and Bust: Keynes vs. Hayek - The Original Economics Rap Battle!]<br/><small>I'll begin in broad strokes / Just like my friend Keynes / His [[Wikipedia:The General Theory of Employment, Interest, and Money|Theory]] conceals the Mechanics of Change / That simple equation¹ / | It's worth note that '''this is also true of economists'''. Unlike mere mathematicians, economists suffer under the delusion that they directly understand how economic activity works and are able to predict its outcomes. But they fail, as Hayek notes in [[Wikipedia: The Counter Revolution of Science|The Counter Revolution of Science]], to understand or even take into account the [[Wikipedia:praxeology|human action]] and motivation<ref>[https://www.youtube.com/watch?v=d0nERTFo-Sk Fear the Boom and Bust: Keynes vs. Hayek - The Original Economics Rap Battle!]<br/><small>I'll begin in broad strokes / Just like my friend Keynes / His [[Wikipedia:The General Theory of Employment, Interest, and Money|Theory]] conceals the Mechanics of Change / That simple equation¹ / | ||
Too much aggregation / Ignores human action / and motivation.<br/><small>¹<code>(C+I+G=Y)</code></small></small></ref> that actually controls economic activity. This weakness, an unscientific [https://mises.org/library/pretense-knowledge pretense of knowledge], is revealed by the fact that they are almost universally abysmal economic investors. The one famous exception to this was [[Wikipedia:John Maynard Keynes|Keynes]], who made a fortune off of stocks, but who also was machiavellian enough to advocate for economic ideas he did not believe in. According to his friend and fellow Nobel laureate [[Wikipedia:Friedrich Hayek|Friedrich Hayek]], Keynes pushed for stimulus spending for political reasons, and was planning to reverse his position when his untimely death intervened. —[[User:Kazvorpal|Kazvorpal]] ([[User talk:Kazvorpal|talk]]) 18:30, 21 November 2019 (UTC) | Too much aggregation / Ignores human action / and motivation.<br/><small>¹<code>(C+I+G=Y)</code></small></small></ref> that actually controls economic activity. This weakness, an unscientific [https://mises.org/library/pretense-knowledge pretense of knowledge], is revealed by the fact that they are almost universally abysmal economic investors. The one famous exception to this was [[Wikipedia:John Maynard Keynes|Keynes]], who made a fortune off of stocks, but who also was machiavellian enough to advocate for economic ideas he did not believe in. According to his friend and fellow Nobel laureate [[Wikipedia:Friedrich Hayek|Friedrich Hayek]], Keynes pushed for stimulus spending for political reasons, and was planning to reverse his position when his untimely death intervened. —[[User:Kazvorpal|Kazvorpal]] ([[User talk:Kazvorpal|talk]]) 18:30, 21 November 2019 (UTC) | ||
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