Restructuring Debates

Wilson Mixon still does not get it, as this Post assures Us. Bilateral works, Multilateral does not work. Doha remains a simple attempt to introduce a basic Command structure into what is basically a Market system. Setting Price limits–which artificial reductions of Tariffs resolve into being–is simple Price suppression. The basic functioning of the Negotiation structure between two Traders becomes crippled. Each Side finds loss of counteractive measures to egregious Demands of the other Side, tied up in conformance measures set by Third Parties. The Truth will state that if the Doha Round succeeds, then International Trade will become less Profitable, therefore less used; and eventually, less rewarding in the reduction of Poverty.

Dani Rodrik has trouble explaining the value of Math in Economics (follow the links to read both Posts). I never utilize Math if I can avoid it, describing myself as mathematically challenged (though I did have 3 Courses in Calculus); I possessing a tendency to forget approved mathematical procedure. I do know that somewhere in higher Math, there exists something called a Slippage Equation, which is a Model predicating the average rate of degradation of Models based upon real activities, which have been adapted for exterior evaluations. No intention to get fancy here, but the more you twist a Math Model, the less utility will found in it; ask the Question: Can you twist the real forces themselves? Economists are the worst Violators of against-the-grain evaluations of natural forces. The actual Work of the Economist is not to place economic events in numeral equations, but to estimate the natural flow of the economy.

Tyler Cowen may give examples of overuse of mathematics in economics. The two Papers he links to beg for value criteria for the exercise. The First attempts to mathematically correlate the emotional impact of Deaths in the families of CEOs, while the Later tries to evaluate the Distraction factor impact of large Property acquisitions by these selfsame CEOs. I am personally of the persuasion that CEOs should be automatically fired every 5 years without chance of rehire. Why? The basic Reason states the Corporate structure will never gain experience, unless the particular Boss in question is irrelevant. Any Top-Down management of any endeavor is defeatist by its basic nature, and will fail with the passage of time. lgl