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Subject:RE: Structure vs Substance? From:"Wally Glassett" <wallyg99 -at- home -dot- net> To:"TECHWR-L" <techwr-l -at- lists -dot- raycomm -dot- com> Date:Mon, 12 Jun 2000 05:55:21 -0700
The Economist magazine has about as much to do with the discipline of
economics as The Atlantic has to do with oceanography. It is a news
magazine, mostly, with a financial bent. And, the discipline of economics is
primarily a statistical discipline, based on the belief that by analyzing
public and private financial data one can build models (structured ones, to
boot) to explain and predict.
Tech Doc-It, Inc.
wallyg99 -at- home -dot- net <mailto:wallyg99 -at- home -dot- net>
--- Dan Emory <danemory -at- primenet -dot- com> wrote:
> The essence of Economics is statistical analysis. There is none in
> article. If Kelley presented his article to a roomful of real economists,
> he'd be laughed out of the building.
When did you last take an econ class? Economics is WAY more than stats. In
fact, stats are an insignificant portion of econ. Most of it is theory mixed
with business case study.
Okay, here's a new mag for you, Dan. Try the Economist. A magazine FOR
economists. They have QUOTED Kevin Kelley. They also did a fantastic article
about Alan Greenspan and the frictionless economy about 3 months ago. In
they discuss many of the same concepts Kelley does.
Scan their website: www.economist.com and you'll find it.
The Economist is a significant forum for discussion of the New Economy. They
are also big supporters of frictionless, open commerce.
> Kelley's article was written in 1997. Already some of his premises are
> proving to be as squishy as the factual basis for his conclusions. It
> is laughable that anyone's world view would be materially altered by
> reading his article.
Which premises exactly, Dan? Please elaborate.
The New Economy isn't some evil force out to deprive you of standards.
it if you want. However, many of the high-tech industry titans are beginning
implement business models and teams based on New Economy concepts.