The Pretense of Knowledge

Q: More Bottom-Up or More Top-Down?

The struggle of Reason against Emotion occurs not just with the 3 Bad Boys of science (climate, environmental & health science) but also in Economics. Here is a vivid new video explaining clearly, with captivating rap music, the battle in our world financial system, again between evidence and models. The human’s Great Game has many versions 🙂

 
broken red thread of Skeptical and Critical Thinking runs deeply in all these 4 beliefs. Reason vs Emotion, Head vs Gut …

 … Hayek vs Keynes, Democracy vs Dictatorship, “More Bottom-Up or More Top Down?”, the fight continues down through history and in many forms.  

The lesson I’ve learned? It’s how little we know,
the world is complex, not some circular flow
the economy’s not a class you can master in college
to think otherwise is the pretense of knowledge!

Here are some more related videos explaining this financial contest:
VIDEO - Hayek vs Keynes Part 1     VIDEO - Economist talks about Hayek vs Keynes video     VIDEO: Producer talks about the Hayek vs Keynes video      Economist Magazine conference  

The  struggle in our Ape-Human stone age brains continues. 

 Here are a few more sources about the recent world financial  battles:  Overdose - The Next Financial Crisis

Let’s keep at it till reason wins.

Bottom-Up Brady 🙂

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2 Responses to The Pretense of Knowledge

  1. Thanks for the interesting video.

    I know little or nothing about economics, but I am convinced that “Pretense of Knowledge” – by the federal “scientific-technological elite” that Eisenhower warned about in his farewell address to the nation on 17 Jan 1961 [1] – has largely destroyed the foundations of physical sciences and given us propaganda disguised as certain knowledge about Earth’s changing climate and Earth’s heat source – the Sun.

    Although not necessarily the intended goal, total totalitarianism [2] is likely to follow.

    Someone more familiar with the intricacies of currencies and economics may be able to explain if these institutions have also been compromised by “Pretense of Knowledge.”

    1. “Eisenhower’s farewell address to the nation” (17 Jan 1961)

    http://mcadams.posc.mu.edu/ike.htm

    2. George Orwell, “Nineteen Eighty-Four” or “1984” (1949)

    http://www.online-literature.com/orwell/1984/

    With kind regards,
    Oliver K. Manuel
    Former NASA Principal
    Investigator for Apollo

  2. Mário Amorim Lopes says:

    Dear Brady,

    I stumbled upon your post by mere chance, while listening to “The Fight of the Century” in the background. It came to me as a great surprise someone citing Financial Fiasco from the CATO Institute, citing the (unfortunately) long-forgotten Hayek, an advocator for more rationalism and less emotionalism, evoking the great behavorist Daniel Kahneman and acknowledging the fatal conceits — the unfortunate inheritance of Keynes. And that in the very same post.

    Having said that, I can’t come up with anything other than strong kudos. Unfortunately, a stance like yours is nothing but a mirage in Portugal. Our faculties preach nothing but Keynes and his disciples and we have awarded not one but three honoris causa to Krugman.

    I had to get this off my chest.

    One Popperian bottom-up austrian economist,

    Mário Amorim Lopes
    Porto, Portugal

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