tag:blogger.com,1999:blog-22973357.post6729024467913764730..comments2023-09-27T07:44:19.769-04:00Comments on Sabine Hossenfelder: Backreaction: Shut up and CalculateSabine Hossenfelderhttp://www.blogger.com/profile/06151209308084588985noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-22973357.post-70736040274609969852009-08-21T00:47:23.552-04:002009-08-21T00:47:23.552-04:00"Monetarism" died while Reagan was Presi..."Monetarism" died while Reagan was President, and remains dead and buried. "Neoliberalism" flourished during the 30 years preceding the current crisis. One prominent neoliberal recently published a book about the crisis that breaks rank with the neoliberal consensus: Judge Richard Posner.<br /><br />The way I would describe the state of affairs Sachs deprecated is "pricesPhilip Meguirenoreply@blogger.comtag:blogger.com,1999:blog-22973357.post-16154649059600055792008-11-01T22:29:00.000-04:002008-11-01T22:29:00.000-04:00"you have to look at the prices you see on the sur..."you have to look at the prices you see on the surface and infer the deep picture from that"<BR/><BR/>That sounds an awful lot like Dirac's approach to quantum mechanics.<BR/><BR/>Actually, it makes some sense. You can actually measure prices and quantities, but you can't measure an awful lot else. Sure, people try to estimate value, demand, supply and the like, but those are just estimates. <BR/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-22973357.post-42445150331814038332008-10-29T01:15:00.000-04:002008-10-29T01:15:00.000-04:00Hi Bee, a lot of that 'shut-up and calculate' atti...Hi Bee, a lot of that 'shut-up and calculate' attitude can be traced to physics envy among economists (most notably spearheaded, i think, by Paul Samuelson) so i think it's good to have a physicist such a you weighing-in for the opposite view (as expressed by Sachs).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-22973357.post-89935565471017825292008-10-25T18:58:00.000-04:002008-10-25T18:58:00.000-04:00"" is what you see on the surface can completely h..."" is what you see on the surface can completely hide and obscure what's happening below.<BR/><BR/> And it's our job as scientists, and I would say as responsible citizens, to understand the deep points and therefore help to rectify the discrepancy and keep ourselves away from trouble.” ""<BR/><BR/><BR/>Um, one doesn't need such (or any!) moral inclination to be inherently curious, let alone bellamyhttps://www.blogger.com/profile/12243108422389386105noreply@blogger.comtag:blogger.com,1999:blog-22973357.post-67466107375631962372008-10-25T12:37:00.000-04:002008-10-25T12:37:00.000-04:00Hi Stephen,I saw the paper, I printed it, it's on ...Hi Stephen,<BR/><BR/>I saw the paper, I printed it, it's on my desk, but I haven't yet come around to read more than the first page. <A HREF="http://michaelnielsen.org/blog/" REL="nofollow">Maybe ask Michael</A>. Best,<BR/><BR/>B.Sabine Hossenfelderhttps://www.blogger.com/profile/06151209308084588985noreply@blogger.comtag:blogger.com,1999:blog-22973357.post-74047537349862667492008-10-25T12:19:00.000-04:002008-10-25T12:19:00.000-04:00I would be interested to hear your thoughts on the...I would be interested to hear your thoughts on the "More Really is Different" paper at <A HREF="http://arxiv.org/abs/0809.0151" REL="nofollow">http://arxiv.org/abs/0809.0151</A>. The abstract for this paper is:<BR/><BR/><I> In 1972, P.W.Anderson suggested that `More is Different', meaning that complex physical systems may exhibit behavior that cannot be understood only in terms of the laws Stephen Luttrellhttps://www.blogger.com/profile/05612770386489550404noreply@blogger.comtag:blogger.com,1999:blog-22973357.post-21295704997904898572008-10-24T22:49:00.000-04:002008-10-24T22:49:00.000-04:00Hi Bee,“And it's our job as scientists, and I woul...Hi Bee,<BR/>“And it's our job as scientists, and I would say as responsible citizens, to understand the deep points and therefore help to rectify the discrepancy and keep ourselves away from trouble.”<BR/><BR/>That was certainly great stuff, so good I will have to find out better as to how Jeffrey D. Sachs thinks by reading more of what he’s written. His insight given here serves for me to Phil Warnellhttps://www.blogger.com/profile/15671311338712852659noreply@blogger.comtag:blogger.com,1999:blog-22973357.post-77112442424611313452008-10-24T17:39:00.000-04:002008-10-24T17:39:00.000-04:00Thanks, Bee, that is a mind-feeding quote :)(My mi...Thanks, Bee, that is a mind-feeding quote :)<BR/><BR/>(My mind is ever hungry :) )Arunhttps://www.blogger.com/profile/03451666670728177970noreply@blogger.comtag:blogger.com,1999:blog-22973357.post-73674856967813758132008-10-24T15:55:00.000-04:002008-10-24T15:55:00.000-04:00"...you don't have to understand the deep picture,..."...you don't have to understand the deep picture, you have to look at the prices ..."<BR/><BR/>Right, 'monetarism' I think was claled in the '80's; Neoliberalism really (which has its theoretical roots in the economic analyses of M. Friedmann).Anonymousnoreply@blogger.com