Comments on: Richard Posner On The Decline Of The Conservative Movement http://liberalvaluesblog.com/?p=8406 Defending Liberty and Enlightened Thought Wed, 10 Feb 2010 01:46:53 -0500 http://wordpress.org/?v=abc hourly 1 By: Breaking Down Conservative Fundamentalism–On Economics - Liberal Values - Defending Liberty and Enlightened Thought http://liberalvaluesblog.com/?p=8406&cpage=1#comment-215780 Breaking Down Conservative Fundamentalism–On Economics - Liberal Values - Defending Liberty and Enlightened Thought Sun, 17 May 2009 20:02:26 +0000 http://liberalvaluesblog.com/?p=8406#comment-215780 [...] economic views when testing them against the real world. I’ve recently noted that Richard Posner of  has been criticizing the Republicans for essentially the same reasons I noted at the start of [...] [...] economic views when testing them against the real world. I’ve recently noted that Richard Posner of  has been criticizing the Republicans for essentially the same reasons I noted at the start of [...]

]]> By: Barry http://liberalvaluesblog.com/?p=8406&cpage=1#comment-215604 Barry Wed, 13 May 2009 17:26:10 +0000 http://liberalvaluesblog.com/?p=8406#comment-215604 The problem comes when "conservatism" means nothing more than knee-jerk opposition to anything "liberal": Http://ABCDunlimited.com/ideas/rightism.html  The problem comes when “conservatism” means nothing more than knee-jerk opposition to anything “liberal”:

Http://ABCDunlimited.com/ideas/rightism.html 

]]> By: Fritz http://liberalvaluesblog.com/?p=8406&cpage=1#comment-215603 Fritz Wed, 13 May 2009 16:58:43 +0000 http://liberalvaluesblog.com/?p=8406#comment-215603 The Austrians have also fared quite well.    And I'm not sure that I am seeing more respect for Keynes or simply a desperate hope that Keynesian money-dumping will work. I think that this debacle reflects far more poorly on our rather deranged notions of corporate governance than on economic theory.  We still don't have a culture where corporate executives have personal responsibility for destroying the assets of the owners of the corporations. Certainly economic theories that rely on humans being  rational actors have a fundamental flaw.  So now those economic decisions will be put in the hands of the government.    Unfortunately, political decisions are at least as irrational as economic ones (Drug War, anyone?), so I don't have any confidence in our brave new world either. The Austrians have also fared quite well.    And I’m not sure that I am seeing more respect for Keynes or simply a desperate hope that Keynesian money-dumping will work.

I think that this debacle reflects far more poorly on our rather deranged notions of corporate governance than on economic theory.  We still don’t have a culture where corporate executives have personal responsibility for destroying the assets of the owners of the corporations.

Certainly economic theories that rely on humans being  rational actors have a fundamental flaw.  So now those economic decisions will be put in the hands of the government.    Unfortunately, political decisions are at least as irrational as economic ones (Drug War, anyone?), so I don’t have any confidence in our brave new world either.

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