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  Blog Noir. An interplay of cultural references, snark, the occasional smutty joke, Dadaism, Mamaism, and a genuine outrage at the horrors of The Situation.

--to paraphrase Freddy el Desfibradddoro
   
Thursday, February 12, 2009
On the Epistemology of Economics

Yes, Spot, I suppose there is some actual Science in Economics, probably I’m just not smart enough to understand it. But economic theory seems to spend a lot of time arguing about whether or not phlogiston moves through the luminiferous Ether in an inverse Laffer curve, so perhaps there is less there than meets the eye. One thing that’s obvious is that money in large quantities has the power to warp the minds of anybody in its vicinity. I suspect that wealth and power each curve reality by the square root cubed of the gradient of subjective difference. And so, together, they curve reality by the cube of the gradient difference. The epistemological theory of relativity explains why, when wealthy college alumni are going to donate money in large quantities to the University d’Elite, then the d’Elite Economics Department can explain how lying, cheating and stealing are ethical, inheritance is virtue, ruthless greed is noble and, most important, that it is, like, totally rational to believe that wealth is created by Spontaneous Generation, but only in the presence of wealthy alumni.

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