Slowpoke Comics by Jen Sorensen

SlowpokeBlog

Commentary by Slowpoke cartoonist Jen Sorensen

Tuesday, July 17, 2007

This Week's Strip: "Cults of America" 

This one was inspired by both SiCKO, arguably Michael Moore's finest movie to date, and a recent NYT piece about "rebel economists" who dare question the so-called free-market orthodoxy held by a majority in the discipline (as if markets were not intricate legal constructions in the first place).

Though some in our binary-thinking culture may perceive that I'm arguing against capitalism in this cartoon, I'm not. I am trying to show how overzealous worship of the "magic of the market" becomes a religious belief system, one that is about as tethered to reality as the teachings of various cults. We don't think of the disciples of Milton Friedman as cult members; after all, they look perfectly normal in their suits, and tend to keep their hair under control. (No offense to the well-groomed cult members out there.) But when a top-down ideology trumps -- nay, blinds people to an empirical understanding of the world from the ground up, fills them with purpose and wonder, and becomes the unassailable answer to anything, well, you're dealing with a form of faith.

Here's an excerpt from that NYT article illustrating this point:
Mr. Card is by no means on the fringe, but he said his research on the minimum wage in New Jersey "caused a huge amount of trouble." He and Alan B. Krueger, an economist at Princeton, found that contrary to what free-market theory predicts, employment actually rose after an increase in the minimum wage.

When Mr. Card’s graduate students went on job interviews, he said other economists would ask questions like "What’s wrong with your adviser? Has he started drinking?"”

This is why Mr. Blinder said he advises graduate students "not to do what I do" when it comes to challenging the standard model.

Criticizing the approach that currently dominates the field, Mr. Blinder said economists must look more closely at the real world instead of modeling it in the lab. "Economics is insufficiently scientific," he said. "Mathematics may be useful, but mathematics is not scientific."
How dare these mere mortals question The Hand!

Links to this post:

Create a Link

ARCHIVES

01/01/2004 - 02/01/2004   02/01/2004 - 03/01/2004   03/01/2004 - 04/01/2004   04/01/2004 - 05/01/2004   05/01/2004 - 06/01/2004   06/01/2004 - 07/01/2004   07/01/2004 - 08/01/2004   08/01/2004 - 09/01/2004   09/01/2004 - 10/01/2004   10/01/2004 - 11/01/2004   11/01/2004 - 12/01/2004   12/01/2004 - 01/01/2005   01/01/2005 - 02/01/2005   02/01/2005 - 03/01/2005   03/01/2005 - 04/01/2005   04/01/2005 - 05/01/2005   05/01/2005 - 06/01/2005   06/01/2005 - 07/01/2005   07/01/2005 - 08/01/2005   08/01/2005 - 09/01/2005   09/01/2005 - 10/01/2005   10/01/2005 - 11/01/2005   11/01/2005 - 12/01/2005   12/01/2005 - 01/01/2006   01/01/2006 - 02/01/2006   02/01/2006 - 03/01/2006   03/01/2006 - 04/01/2006   04/01/2006 - 05/01/2006   05/01/2006 - 06/01/2006   06/01/2006 - 07/01/2006   07/01/2006 - 08/01/2006   08/01/2006 - 09/01/2006   09/01/2006 - 10/01/2006   10/01/2006 - 11/01/2006   11/01/2006 - 12/01/2006   12/01/2006 - 01/01/2007   01/01/2007 - 02/01/2007   02/01/2007 - 03/01/2007   03/01/2007 - 04/01/2007   04/01/2007 - 05/01/2007   05/01/2007 - 06/01/2007   06/01/2007 - 07/01/2007   07/01/2007 - 08/01/2007   08/01/2007 - 09/01/2007   09/01/2007 - 10/01/2007   10/01/2007 - 11/01/2007   11/01/2007 - 12/01/2007   12/01/2007 - 01/01/2008   01/01/2008 - 02/01/2008   02/01/2008 - 03/01/2008   03/01/2008 - 04/01/2008   04/01/2008 - 05/01/2008   05/01/2008 - 06/01/2008   06/01/2008 - 07/01/2008   07/01/2008 - 08/01/2008  

This page is powered by Blogger. Isn't yours?