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Tuesday, April 27, 2010

Reality really *does* have a liberal bias

*
Here's a concept called "epistemic closure," which I first heard of in a Paul Krugman blog post the other day. I'm glad to see this being talked about in mainstream media in serious, clinical terms rather than the usual flummoxed mockery that most of us are forced to resort to. The post spins off from another one by a guy named Jonathan Bernstein, which you can read here, but I think Krugman makes the point more accessible without even acknowledging FOX News and the like. Krugman sees epistemic closure every day in elite university culture --- in the field of economics, to be specific:
It’s been painfully obvious since the crisis broke that people at Minnesota, or even many people at Chicago, have no idea what New Keynesian economics is all about. I don’t mean they disagree, or think it’s garbage, they literally have no idea what the concepts are. And that’s why they reinvent 80-year-old fallacies when they try to discuss the subject.
The postmodern conservative separation from reality, whether in the Senate, or the corporate infotainment universe, or the freshwater school of economics (i.e., Friedman and the Reaganomics he spawned), is deliberately sustained by simply shunning any information that does not originate with like-minded people. Ironically, this anti-reality bias destroys one of the sacred free-market shibboleths: the "marketplace of ideas."

On the one hand I find this development quite chilling to contemplate. On the other hand, I think that the mechanics of de-evolution and decadence will take care of this species of hominids (homo ignoramus) well before mid-century. That's the good news; the bad news is that the world suffers immeasurably more than it really needs to in the interim.

So, as in all other things, Stephen Colbert is right.

4 comments:

  1. shhhh. this is why so many people lose money in the stock market. It's why so many idiots like Cramer and Bartiroma make money yammering on teevee. Don't go telling everyone or how will I make an honest buck as a capitalist.

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  2. Ben: sorry, I already made a peep. The whole house of cards will now come fluttering down.

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  3. You forgot to say, "long live RubberCrutch".

    ReplyDelete