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Perhaps magical thinking serves a psychological purpose when managing stress during the early stages of entrepreneurship and long odds of success. However, this
by rz2k 14y ago
Perhaps magical thinking serves a psychological purpose when managing stress during the early stages of entrepreneurship and long odds of success. However, this ode to eschewing analytical thought, and going with "what we know" or whatever alternative it is proposing is an embarrassment.
It is an epistemologic absurdity, since, if we simply "know" anything, we have to question provenance of that knowledge. Our unscientific random biases and assumptions may be as likely to be right as they are wrong, but analytical thinking improves upon them, especially at the multiple perspectives and scales for appreciating outcomes as allowed by economic analysis. Critical thinking does require more effort than going with your gut, but that extra effort is justified when the improvements are great.
Anyway, the post kind of disproves its own point, since the straw men it uses are low-effort applications of heuristics rather than economic analysis. The author seems to believe that economics is a discipline defining a specific set of aphorisms that can be universally applied to any situation.
Perhaps there's a joke in there somewhere about learning a more rigorous version of economics before you can "unlearn" it or even advocate the virtues of "unlearning" it. Presently, it resembles the work of people who claim that science can't explain how bees fly or other similar nonsense as justification for reveling in ignorance.
Incidentally, though it isn't really central to the subject of the article, the quote about sociology is out of date, since modern sociology involves a fair deal of modelling and mathematics.