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Separation of Economics and Politics

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cognitivist Posted: Thu, May 20 2010 11:38 PM

In an ideal scenario, should economics be a science that aspires to rid itself of the biases exerted upon it by the passions and desires of multiple individuals and groups?

"If you want to lift yourself up, lift up somebody else." Booker T. Washington
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Bert replied on Fri, May 21 2010 12:04 AM

As far as I know economics is a value-free science.

I had always been impressed by the fact that there are a surprising number of individuals who never use their minds if they can avoid it, and an equal number who do use their minds, but in an amazingly stupid way. - Carl Jung, Man and His Symbols
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As far as I know economics is a value-free science.

There is no such thing as value free science. Where would science be without valuing truth, curiosity, or openness to criticism? Science is a human activity that answers to human needs.

"I cannot prove, but am prepared to affirm, that if you take care of clarity in reasoning, most good causes will take care of themselves, while some bad ones are taken care of as a matter of course." -Anthony de Jasay

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Really now? To clarify, I'm talking about macroeconomics, mostly. But can you honestly say Ricardian economics is value-free? Is Keynesianism value-free? I have read so many Austrian criticisms about the collectivist philosophy of these schools. Many economic theories, Austrianism included, are seemingly based around a philosophical leaning, not just a theoretical/mathematical premise.

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I can only hope economists share your same openness to embracing empiricism, objectivity and the actual truth.

"If you want to lift yourself up, lift up somebody else." Booker T. Washington
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Bank Run replied on Fri, May 21 2010 10:21 AM

I'm afraid you will just have to get rid of politics to do that.

Politics is economics, because everything politicians do; have an adverse effect on the economy.

Good day.

Individualism Rocks

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