Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the jetpack domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /mnt/stor08-wc1-ord1/694335/916773/www.tvhe.co.nz/web/content/wp-includes/functions.php on line 6131

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /mnt/stor08-wc1-ord1/694335/916773/www.tvhe.co.nz/web/content/wp-includes/functions.php on line 6131

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the avia_framework domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /mnt/stor08-wc1-ord1/694335/916773/www.tvhe.co.nz/web/content/wp-includes/functions.php on line 6131

Warning: Cannot modify header information - headers already sent by (output started at /mnt/stor08-wc1-ord1/694335/916773/www.tvhe.co.nz/web/content/wp-includes/functions.php:6131) in /mnt/stor08-wc1-ord1/694335/916773/www.tvhe.co.nz/web/content/wp-includes/feed-rss2-comments.php on line 8
Comments on: Cartoon: Economics http://www.tvhe.co.nz/2009/09/24/cartoon-economics/ The Visible Hand in Economics Mon, 28 Sep 2009 00:04:19 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: steve http://www.tvhe.co.nz/2009/09/24/cartoon-economics/#comment-21536 Mon, 28 Sep 2009 00:04:19 +0000 http://www.tvhe.co.nz/?p=4372#comment-21536 Another one I heard was that economists like to make strict rules about how the world works, marketers then do everything they can to screw it all up.

]]> By: Matt Nolan http://www.tvhe.co.nz/2009/09/24/cartoon-economics/#comment-21506 Thu, 24 Sep 2009 03:47:48 +0000 http://www.tvhe.co.nz/?p=4372#comment-21506 There is still value in analysing the issues – definitely. But the value comes from understanding, and preparing for contingencies. Not from being told definitively what the future holds.

]]> By: Matt Nolan http://www.tvhe.co.nz/2009/09/24/cartoon-economics/#comment-21505 Thu, 24 Sep 2009 03:47:03 +0000 http://www.tvhe.co.nz/?p=4372#comment-21505 @Michael

I’m not sure they will be more accurate persee …

I think the point is that economics is there to describe and discuss, and paint risks. The data is too incomplete, and our understanding of the functioning of the economic system too inexact, for us to be predictive in anything more than a probabilistic sense.

]]> By: Michael http://www.tvhe.co.nz/2009/09/24/cartoon-economics/#comment-21504 Thu, 24 Sep 2009 03:44:41 +0000 http://www.tvhe.co.nz/?p=4372#comment-21504 Guess I’ll just go back to ringing the psychic hotline for my economic predictions.

]]> By: Cartoon: Economics « acc3ss.info http://www.tvhe.co.nz/2009/09/24/cartoon-economics/#comment-21503 Thu, 24 Sep 2009 03:35:57 +0000 http://www.tvhe.co.nz/?p=4372#comment-21503 […] Continue reading here: Cartoon: Economics […]

]]> By: Matt Nolan http://www.tvhe.co.nz/2009/09/24/cartoon-economics/#comment-21501 Thu, 24 Sep 2009 02:07:23 +0000 http://www.tvhe.co.nz/?p=4372#comment-21501 @Peter Cresswell

It is hard for me to argue with something I completely agree with 😀

I’d usually try, but I just can’t see how to at the moment.

]]> By: Peter Cresswell http://www.tvhe.co.nz/2009/09/24/cartoon-economics/#comment-21500 Thu, 24 Sep 2009 00:27:19 +0000 http://www.tvhe.co.nz/?p=4372#comment-21500 Well that was no fun. To quote Monty Python, “I was hoping for a good argument.” 🙂

]]> By: Matt Nolan http://www.tvhe.co.nz/2009/09/24/cartoon-economics/#comment-21499 Wed, 23 Sep 2009 23:53:39 +0000 http://www.tvhe.co.nz/?p=4372#comment-21499 @Peter Cresswell

Indeed.

]]> By: Peter Cresswell http://www.tvhe.co.nz/2009/09/24/cartoon-economics/#comment-21498 Wed, 23 Sep 2009 23:52:04 +0000 http://www.tvhe.co.nz/?p=4372#comment-21498 To be fair, why is it assumed that the job of economics is to predict the future to three significant figures — as if economics was some arithmetical sub-branch of necromancy?

Especially since it can’t be done?

]]>