PhilGoetz comments on Mechanics without wrenches - Less Wrong

33 Post author: PhilGoetz 15 April 2009 08:09PM

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Comment author: RobinHanson 15 April 2009 11:42:02PM 12 points [-]

I doubt understanding differential equations would help Congressfolk make better decisions. It is the economic concepts that would be useful for them, not so much the math.

Also, our basic ideology of democracy says that ordinary people can make wise decisions about policy without expert knowledge. So it is hard for voters to say politicians are unqualified without such knowledge without admitting that voters are also unqualified.

Comment author: PhilGoetz 16 April 2009 04:57:32AM *  0 points [-]

Curious that you say that economics, which should be quantitative, doesn't involve a lot of math. That strikes me as a flaw. Why isn't it math-heavy? What use is it when it isn't quantitative? If I can't plug numbers in and get numbers out, am I left with anything other than a collection of just-so stories with no ability to judge which is more applicable in any given situation?

Comment author: ChrisHibbert 16 April 2009 06:35:05AM 3 points [-]

The most valuable part for politicians is understanding that incentives matter, and the ideas of public choice theory, the concept of regulatory capture and the like. These don't require any facility with numbers. They inform decision making and direct the design of institutions.