What's wrong with this blurb?

Discussion in 'Economy' started by william the wie, Aug 17, 2012.

?

Would this blurb make you more likely to buy my book?

  1. Yes

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  2. maybe

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  3. Meh

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  4. Doubtful

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  5. no

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  1. william the wie
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    william the wie Gold Member

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    Humans are kin-selective pack omnivores who use economic exchange and display as a big part of mate selection for themselves and close kin, mostly descendants. As pack omnivores humans are also quite good at creating group fictions such as nations and businesses to increase, on average, the net returns of the participants.

    Economic policy ignores two things as irrelevant: mating display as an economic goal and kin selection. Up until 1968-82 two simplifying assumptions, group selection and generally non-economic mating decisions, worked well enough to create generally competent economic policy. A third simplifying assumption of ignoring how new industries operate is where the problems started.

    Mature industries have known economies of scale, scope, network and various other minor economies. New industries have to discover economies in production, supply and distribution. This process of discovery is a step function of Econ 101 results and sudenly a cost drop in supply, distribution or production results as a new economy is found. In rare cases like Moore's law of decreasing computer memory costs such increasing marginal returns become predictable.

    Increasing marginal returns are not merely ignored but outright forbidden in economic models. It is forbidden because it makes both mating display and group selection assumptions much less useful. Since 1982 ignoring increasing marginal returns has not worked and that's what's wrong with economic policy.
     
  2. EdwardBaiamonte
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    EdwardBaiamonte Gold Member

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    who's ignoring and how??
     
  3. william the wie
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    william the wie Gold Member

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    Who? Politicians and economists.

    How? Take Moore's law of computer memory doubling every two years. If you take a look at your own tax receipts, assuming you use computers in your business, and look at the prices you are paid vs. computer memory you will find that Moore's law is understated in nominal terms.
     

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