4 ms·
Nope, absolutely not. The problem is that they have a feedback system which is attempting to maintain a constant value. This could be a driver pressing the gas,
by alanctgardner2 14y ago
Nope, absolutely not. The problem is that they have a feedback system which is attempting to maintain a constant value. This could be a driver pressing the gas, a thermostat (as listed below), or the Fed trying to modify interest rates to achieve a result. The problem is, if you do everything right, and there's no economic collapse, people wonder why you need to exist. If there is, you're clearly useless.
I fall into this a lot, but I really hate the attitude of engineers and scientists believing that everything can be solved by approaching a problem a certain way. We have this idealized, fetishized approach that if you define all your axioms and have a rigid framework in place, you can solve anything. Of course, as soon as you try it in real life, especially in a field like sociology or economics (which, of course, we deride as not being scientific enough), it all goes to hell.
I would recommend that anyone who is of this opinion - that economics, psychology, linguistics, et al are not scientific enough - actually take a course in that area. What you find are: people who are experts in a field are really smart, yes, they have thought of that already, no, it didn't work. It's a very humbling experience.
- cousin_it 14y ago> The problem is, if you do everything right, and there's no economic collapse, people wonder why you need to exist. If there is, you're clearly useless. Interesting. Can we come up with some general method of answering questions like "does institution X really play a part in keeping parameter Y stable?"
- alanctgardner2 14y agoThe problem is: the only way to detect this, as the article points out, is for them to stop doing their job well intentionally. You either wreck the perfectly good situation you have locally, or you find some other place where everything is terrible, and you compare the two. This is one of the reasons why scientific methods are hard to apply in non-experimental situations: you can't necessarily destroy the national economy 'to see if it would really work'. It's the same as informed consent in medical experiments, just on a larger scale.
- dllthomas 14y agoAnd if not, do you want to buy my tiger-repellent rock?