On Sat, Mar 19, 2011 at 9:02 AM, Jan-Anders <[email protected]> wrote:

>
> I see money and economy systems as pure intellectual matter. To be a good
> economic man you must loose your social bonds and act rational.
>
> best
>
> J-A

Hi J-A,

I see rationality as an over-simplification of reality.  Economics is
a good example, something I would call monetized psychology.  Due to
the limits of our brain, we tend to choose, say, ten variables out of
thousands that contribute to an event.  Ignoring the rest, these ten
variables are then used for explanation and prediction.  Due to the
limits of what we choose to look at, we derive false explanations and
predictions.  If the behavior of a society was purely dependent on
creating wealth or finding comfort then it would be easy to predict.
The problem is that it is a little bit more complicated than that, and
finding all the variables and inputing them into a computer in the
right ratios and magnitudes, along with the appropriate relationships
(equations) is virtually impossible.  Dependence on rationality tends
to provide a false sense of knowledge, and believing that there are
experts that can guide the economy is dangerous.  The economy happens,
then we try to explain what happened.  Best to stay out of tampering
with it.

Cheers,
Mark
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