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Comments on: Which side is arrogant? (Thoughts on framing and debate) http://www.tvhe.co.nz/2013/05/08/which-side-is-arrogant/ The Visible Hand in Economics Fri, 10 May 2013 19:37:00 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: jamesz http://www.tvhe.co.nz/2013/05/08/which-side-is-arrogant/#comment-40884 Fri, 10 May 2013 19:37:00 +0000 http://www.tvhe.co.nz/?p=8618#comment-40884 In reply to Paul Walker.

I don’t think I’d be so cynical about politicians while being so optimistic about economists’ motivations! I’m not as pessimistic as Rodrik but I think there’s some truth to it:

“It is cleverness, not wisdom, that advances academic economists’
careers. Professors at the top universities distinguish themselves today
not by being right about the real world, but by devising imaginative
theoretical twists or developing novel evidence. If these skills also
render them perceptive observers of real societies and provide them with
sound judgment, it is hardly by design.”

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By: Paul Walker http://www.tvhe.co.nz/2013/05/08/which-side-is-arrogant/#comment-40880 Thu, 09 May 2013 08:55:00 +0000 http://www.tvhe.co.nz/?p=8618#comment-40880 In reply to jamesz.

I think the thing about politicians is that while they do address the same problems as economists their incentives are very different. They want votes and they will do whatever they think will get them votes, no matter how bad it may be for the economy. The problem that an economist sees as economic the politician sees as political and sets out to provide a political answer and bad politics always wins over good economics.

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By: Matt Nolan http://www.tvhe.co.nz/2013/05/08/which-side-is-arrogant/#comment-40873 Wed, 08 May 2013 20:45:00 +0000 http://www.tvhe.co.nz/?p=8618#comment-40873 In reply to jamesz.

Yah 🙂

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By: jamesz http://www.tvhe.co.nz/2013/05/08/which-side-is-arrogant/#comment-40872 Wed, 08 May 2013 19:09:00 +0000 http://www.tvhe.co.nz/?p=8618#comment-40872 In reply to Matt Nolan.

Ah, I see, so we’re really just talking about different styles of
rhetoric for different audiences? I can see why differences in the
implications of each would bother you.

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By: Matt Nolan http://www.tvhe.co.nz/2013/05/08/which-side-is-arrogant/#comment-40869 Wed, 08 May 2013 18:23:00 +0000 http://www.tvhe.co.nz/?p=8618#comment-40869 In reply to jamesz.

I don’t see a contradiction – because I am talking about him using two types of language to share ideas.

He uses economics, when talking to economists, to frame ideas and trade-offs in such a way we find reasonable for a discussion – and where the assumptions are clear. In that context we all have a discussion and its lovely.

He then uses a whole different form of rhetoric when selling his policy conclusions to the public – one I believe is misleading regarding the underlying assumptions he has made, but is undeniably more persuasive for an audience that hasn’t had the training in viewing economic arguments in this light. Given it is an argument on the same underlying principles, it is an issue of sales – and I find the attacks on other economists who have equally valid (and often more heavily empirically supported) views tiresome in this context.

In this context, it is easy to separate the rhetoric he uses for non-economists and what he thinks – as we have a clear observation of him using the economic method, and economist-economist rhetoric to define what and why he thinks something.

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By: Matt Nolan http://www.tvhe.co.nz/2013/05/08/which-side-is-arrogant/#comment-40868 Wed, 08 May 2013 18:18:00 +0000 http://www.tvhe.co.nz/?p=8618#comment-40868 In reply to jamesz.

My ideal of a politician would degree. But many politicians are far more reactive, and interested in showing intent rather than actually trying to match the social wil.

Something I will say. NZ politicians are closer to my ideal than many places, often they are interested in maximising surplus, but they are constrained by the sometime ill informed ideology of their constituents.

But even then, constantly there are arguments which go “here is a benefit, oww you are saying there is a cost, that is because you eat children and are paid by the other side”. These arguments have been constant recently, and my patience for politicians talking that sort of crap has worn thin 😉

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By: rndtechnologies786 http://www.tvhe.co.nz/2013/05/08/which-side-is-arrogant/#comment-40863 Wed, 08 May 2013 12:04:00 +0000 http://www.tvhe.co.nz/?p=8618#comment-40863 Nice view.

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By: jamesz http://www.tvhe.co.nz/2013/05/08/which-side-is-arrogant/#comment-40862 Wed, 08 May 2013 09:25:00 +0000 http://www.tvhe.co.nz/?p=8618#comment-40862 Can I also add that I think you’re being hugely unfair to politicians here. I think they address a lot of the same problems as economists but with far more constraints on their actions. Most economists are not bound by any political constraints, nor are they accountable to anyone for the views they express. The ‘lack of integrity’ that you accuse politicians of is not a consequence of their character but the system they operate within. That is the price they pay for having the opportunity to effect change.

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By: jamesz http://www.tvhe.co.nz/2013/05/08/which-side-is-arrogant/#comment-40861 Wed, 08 May 2013 09:16:00 +0000 http://www.tvhe.co.nz/?p=8618#comment-40861 In reply to Matt Nolan.

Can you separate the ‘rhetoric’ from what he thinks? Is the framing not a part of the idea? Are you taking on McCloskey head on here, or am I just misinterpreting you?

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By: Matt Nolan http://www.tvhe.co.nz/2013/05/08/which-side-is-arrogant/#comment-40860 Wed, 08 May 2013 06:24:00 +0000 http://www.tvhe.co.nz/?p=8618#comment-40860 In reply to Paul Walker.

What I agree with in the Rodrik piece is the way he looks at the method of “doing economics” as a great toolbox for looking at issues.

Where I disagree is probably two-fold: 1) his priors when he comes to look at a question (he seems more like to come to a question believing in failure), 2) with the way he does his Bayesian updating when it comes to combining tendencies from models (he seems to allow his set of models to shift his priors in a more forceful fashion than I would). Combine those, and you have a direct reason for why we have differing views on the effectiveness of policy, given the same methods and data!

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