Comments on: Challenging the dogma of ‘yesterday’s men’. http://www.debtonation.org/2009/04/challenging-the-dogma-of-%e2%80%98yesterday%e2%80%99s-men%e2%80%99/ Wed, 08 Feb 2012 08:39:46 +0000 hourly 1 By: ann http://www.debtonation.org/2009/04/challenging-the-dogma-of-%e2%80%98yesterday%e2%80%99s-men%e2%80%99/comment-page-1/#comment-954 ann Wed, 22 Apr 2009 10:50:28 +0000 http://debtonation.org/?p=2180#comment-954 Larry, sorry for this...will refer it to the techies....its a bit clunky wordpress..and we would welcome a little more expertise on its workings... And thank you for those names! I do not know them all is the honest answer to your question; but very grateful to be referred to them... Larry, sorry for this…will refer it to the techies….its a bit clunky wordpress..and we would welcome a little more

expertise on its workings…

And thank you for those names! I do not know them all is the honest answer to your question; but very grateful

to be referred to them…

]]> By: Dr L Brownstein http://www.debtonation.org/2009/04/challenging-the-dogma-of-%e2%80%98yesterday%e2%80%99s-men%e2%80%99/comment-page-1/#comment-915 Dr L Brownstein Thu, 02 Apr 2009 21:07:24 +0000 http://debtonation.org/?p=2180#comment-915 I wish I could have been able to preview my previous submission and been able to see how it would look. Your techies ought to be able to implement this feature. I wish I could have been able to preview my previous submission and been able to see how it would look. Your techies ought to be able

to implement this feature.

]]> By: Dr L Brownstein http://www.debtonation.org/2009/04/challenging-the-dogma-of-%e2%80%98yesterday%e2%80%99s-men%e2%80%99/comment-page-1/#comment-914 Dr L Brownstein Thu, 02 Apr 2009 21:05:15 +0000 http://debtonation.org/?p=2180#comment-914 Ann, I left out Peter Temin. He might be useful on policy testing. Mervyn King recently committed a logical error, the fallacy of affirming the consequent in an interview with Faisal Islam. Here is the context: Logic of Policy Testing: H: Policy P will lead to desired results R – if P then R Can falsify policy P by not observing R (or observing not-R) Implement policy P Do not observe R within a reasonable time frame (not-R) Conclude not-P (I.e., P ineffective) [This is a valid inference ((if P then R) & not-R, therefore not-P)] Can NOT ‘verify’ policy P from simply observing R Implement policy P Observe R within a reasonable time frame Can’t conclude P is effective based on 2 – fallacious to do so [Fallacy of Affirming the Consequent – committed by Mervyn King in 3/2009 (‘(if P then R) & R, therefore P’ is a fallacious inference)] Apologies for being a bit technical here but I saw no way around it. Ann, I left out Peter Temin. He might be useful on policy testing. Mervyn King recently committed a logical error, the fallacy of

affirming the consequent in an interview with Faisal Islam. Here is the context:

Logic of Policy Testing:

H: Policy P will lead to

desired results R – if P then R

Can falsify policy P by not observing R (or observing not-R)
Implement policy P
Do not observe R

within a reasonable time frame (not-R)
Conclude not-P (I.e., P ineffective)
[This is a valid inference ((if P then R) & not-R,

therefore not-P)]

Can NOT ‘verify’ policy P from simply observing R
Implement policy P
Observe R within a reasonable time frame

Can’t conclude P is effective based on 2 – fallacious to do so
[Fallacy of Affirming the Consequent – committed by Mervyn King in 3/2009

(‘(if P then R) & R, therefore P’ is a fallacious inference)]

Apologies for being a bit technical here but I saw no way around it.

]]> By: Dr L Brownstein http://www.debtonation.org/2009/04/challenging-the-dogma-of-%e2%80%98yesterday%e2%80%99s-men%e2%80%99/comment-page-1/#comment-913 Dr L Brownstein Thu, 02 Apr 2009 20:39:40 +0000 http://debtonation.org/?p=2180#comment-913 Ann, I don't quite agree with your list of suggested candidates for advice. There are features of Daly's outlook that I think are problematic, so I would not include him. In addition to Brooksley Born, what about Meredith Whitney? And what about Nassim Taleb and Thomas Homer-Dixon? Richard C. Koo? Riccardo Rebonato? Ed Leamer? Donald Moggridge? In addition to Victoria Chick, who is a wonderful choice, on the same basis I would include Axel Leijonhufvud and Donald Markwell. Ann, I don’t quite agree with your list of suggested candidates for advice. There are features of Daly’s outlook that I think are

problematic, so I would not include him. In addition to Brooksley Born, what about Meredith Whitney? And what about Nassim Taleb and Thomas

Homer-Dixon? Richard C. Koo? Riccardo Rebonato? Ed Leamer? Donald Moggridge? In addition to Victoria Chick, who is a wonderful choice, on the

same basis I would include Axel Leijonhufvud and Donald Markwell.

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