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Originally Posted by FoolThemAll
What makes you say 'most'?
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Because if part of the purpose of a school of thought is to incorporate new information, then they typically do so. You're free to disagree with me. With respect to economics, clearly there is effort to learn from the past.
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Speaking of absolutes, you don't think it can be? I thought you at least admitted the existence of rare exceptions. I, for one, wasn't up to date with certain schools of thought concerning civil liberties during the Bush administration.
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I wasn't being absolute. You were. Don't try to turn this around. You might get confused and try and call me out for something that you were doing, and that I was not doing.
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"Total crapshoot" doesn't imply the lack of validation. It's not an absolute. It implies that you can't reliably count on validation. And unless you want to get circular, you can't.
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If you think that anyone who has participated in this thread thinks the all of the problems with RP's perspective stem from the fact that it is out of date then you've been misreading. Out-of-date is an adjective. It isn't the whole of why RP is wrong.
It is as if someone said "That rusty car is broken." and your response was to scoffingly point out that "Well, just because a car is rusty, that doesn't mean it's broken." And you were right. But in your rightness you also missed the point. You turned a discussion about a broken car into a discussion about the meaning of rustiness.
And you also made a claim equivalent to "Gauging the condition of a car by the amount of rust on it is silly."
You're trying to reduce guyy's perspective to a single adjective-- you shouldn't be surprised if you can't make sense of it.
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That's not even really true, though, considering (for instance) the divide concerning the New Deal. But I'm sure this board considers that debate wholly settled.
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It is true. If you ever find an economist who thinks there's nothing to learn from the Great Depression, let me know.