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To: Tax-chick

” I don’t think that Dr. Sowell “was a Marxist” as much as that he was a student of Marxism, in his graduate-student years. He realized, being a great mind, that it was an erroneous theory.”

I would tend to agree with this. Marxism is intellectually contemptible.


42 posted on 06/04/2012 10:14:34 AM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: stephenjohnbanker
Marxism is a form of religious belief disguised as social-science. To the extent that economics is a "science," in any way comparable to physics or chemistry, it is in the collection of data and the analysis of cause and effect. Economics, at its best, describes. *This* cause generally produces *that* effect. In *this* situation, producers and consumers tend to do *that*.

Once a so-called science goes past saying, "This is what exists," or "This is what happens when ...," and gets into the realm of what is right, what is just, what should happen, it is not longer "science" in any way, but philosophy or religion. Again, when a cause/effect relationship is posited but proves not to function in reality, true science rejects the hypothesis. Pseudo-science claims the relationship is true, but that the experiment "hasn't really been tried."

Dr. Sowell is firmly grounded in bedrock reality: "Economics is the allocation of scarce resources with multiple uses." Incentives and constraints, choices and trade-offs ... the real world that honest people know they are living in.

43 posted on 06/04/2012 10:27:06 AM PDT by Tax-chick (Make sure you notice when I'm being subtly ironic!)
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