LISTSERV mailing list manager LISTSERV 16.0

Help for LIST Archives


LIST Archives

LIST Archives


LIST@JAPANFORUM.NBR.ORG


View:

Message:

[

First

|

Previous

|

Next

|

Last

]

By Topic:

[

First

|

Previous

|

Next

|

Last

]

By Author:

[

First

|

Previous

|

Next

|

Last

]

Font:

Proportional Font

LISTSERV Archives

LISTSERV Archives

LIST Home

LIST Home

LIST  December 2013

LIST December 2013

Subject:

Re: Kinmont] New (FY2014) government budget

From:

Minoru Mochizuki <[log in to unmask]>

Reply-To:

NBR's Japan Forum <[log in to unmask]>

Date:

Fri, 27 Dec 2013 06:59:10 +0900

Content-Type:

text/plain

Parts/Attachments:

Parts/Attachments

text/plain (63 lines)

I agree with Gregory Clark's metaphorical comparison between medicines and
economic policies. 

In my view, human body's biological activities and economical activities of
a human society are muck alike in that medical science and economics are far
from understanding the activities they are related to. In other words,
doctors prescribe medicines not fully understanding how human bodies react
to the medicines. Most of today's medicines are used only because medical
science recognizes that they "work" (statistically speaking) to improve or
help reduce adverse symptoms of patients. Medical science can only tell us
the results that a medicine worked, not why they worked. 
This is only because medical science lacks the total understanding of a
system called human body. This is entirely different from the world of
computer software where everything is designed and built on logics albeit
the fact that physicists do not understand fully how computer chips work,
which itself is immaterial to the design of algorithm.

Likewise, economists barely understand how society works in terms of
economy, which consists of many factors, e.g., human consumption of foods,
air and water, how and what human desires, potential of natural science
affecting economy, most importantly how human minds work including their
mechanism of preservation of the species, etc., etc. In one word, human
society is as complex as a human body, and economics has not figured out
human society at all.

As a result, governments of all nations try this and that policies.
Therefore, one who laughs at the effort of one government should be careful
in consulting a doctor on his own health and taking a medicine because the
doctor is telling you something he doesn't understand why it works, or
worse, he doesn't even truly believe in the medicine's biological,
physiochemical action. The medicine may even be more effective in damaging
one's body as a poison than improving its condition as we have witnessed so
often already in newly introduced wonder drugs. Most of Western medicines
are essentially same as Oriental medicines that they are recommended only
based on the results, not on analysis of how and why they work. 

In essence, I must say Japan is no worse than any other nation on the earth
from "economical point of view" and there is no economist in the world who
can diagnose its condition comprehensively and provide a panacea. An
economist can only suggest just like a doctor, "take this, possibly it may
help you." Of course, big-mouthing only helps to improve his image in his
own mind only.

Minoru Mochizuki
    

 
-----Original Message-----
From: gregory clark [mailto:[log in to unmask]] 
Sent: Thursday, December 26, 2013 9:55 AM
To: [log in to unmask]
Subject: Re: [NBR's_Japan_Forum] Kinmont] New (FY2014) government budget


If a doctor continued to force medicines on a patient whose problems were
the result of those medicines he would be called a quack, charlatan or
something worse.  Yet in economics, Japanese economics especially, it is
regarded as the height of wisdom and now even has a nice name - fiscal
consolidation. 

########################################################################

To unsubscribe from the list, send an email to: [log in to unmask]

Top of Message | Previous Page | Permalink

Advanced Options


Options

Log In

Log In

Get Password

Get Password


Search Archives

Search Archives


Subscribe or Unsubscribe

Subscribe or Unsubscribe


Archives

February 2019
January 2019
December 2018
November 2018
October 2018
September 2018
August 2018
July 2018
June 2018
May 2018
April 2018
March 2018
February 2018
January 2018
December 2017
November 2017
October 2017
September 2017
August 2017
July 2017
June 2017
May 2017
April 2017
March 2017
February 2017
January 2017
December 2016
November 2016
October 2016
September 2016
August 2016
July 2016
June 2016
May 2016
April 2016
March 2016
February 2016
January 2016
December 2015
November 2015
October 2015
September 2015
August 2015
July 2015
June 2015
May 2015
April 2015
March 2015
February 2015
January 2015
December 2014
November 2014
October 2014
September 2014
August 2014
July 2014
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
2013
2012

ATOM RSS1 RSS2



JAPANFORUM.NBR.ORG

Secured by F-Secure Anti-Virus CataList Email List Search Powered by the LISTSERV Email List Manager