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Re: Relevant is Pragmatism not Physics



        Dear Gunnar,

        Economics is art not science. Einstein was no economist.
        Keynes is dead -- I and you cannot bring him to chose
        between us. Were he alive, he might be just as wrong
        as you or Einstein.  He might be as right as I am.

        We are not in agreement on the logic of the logical-
        empirical problem.  How about the empirical and
        values end of things?  Are we in agreement on the
        purpose of modern economics?  Is it to end poverty
        and pollution, etc.?  Or is to discover purpose in
        humans as though they were ants or dumb animals?

        Best to you,

            John

    ====================================

    You wrote:

John:

Absent clarity on first principles, "pragmatism" in economics, as in
physics, is PR for muddled thinking.

For, as Einstein wrote in 1949:

"Science without epistemology is - insofar as it is thinkable at all -
primitive and muddled."

Keynes never suggested otherwise.

Gunnar






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