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Thanks to Bob for front paging this. I asked Robin to post the Diary because I thought when I first heard him explain his thinking at LSE about 3 years ago I instinctively thought that he is onto something "big".

In creating his "sympathy" indicator he gives us ( as far a I know) a new econometric tool to utilise and to compare and contrast with existing analytical tools.

Now when analytical minds such as Migeru, and others on this site, hear the word "Sympathy" they reach for their revolvers and tend to dismiss what follows as some sort of idealistic theorising of little value in the "Real" world.

That is a big mistake, but flows from the Rhetoric and associations with the word "Sympathy" and its emotional connotations.

Rational people don't "do" emotiosn do they.

Now Robin was unwise enough - in a slip of the tongue -to call the variable "s" that he uses to assist in modelling transactions "indifference value".

I am sure he will castigate me for saying so, because he immediately attempted to withdraw the expression, but the cat was out of the bag!

Brutal though the phrase is in some ways, it is, I think useful as a rhetorical stick to beat conventional economists with since I believe (and this where the really good brains can get stuck in and maybe prove me right or wrong) that this "indifference value" gives us a new way as JA Wheeler put it, "to ask questions of Reality".

When you are in power you have to stretch the truth, and then it won't ever go back to it's normal shape

by ChrisCook (cojockathotmaildotcom) on Thu Jul 26th, 2007 at 04:47:41 AM EST
Now when analytical minds such as Migeru, and others on this site, hear the word "Sympathy" they reach for their revolvers and tend to dismiss what follows as some sort of idealistic theorising of little value in the "Real" world.

Chris, you really, really haven't been paying attention: the "analytical minds" have been ranting for some time that precisely this sort of non-rational (in a very narrow sense) element is essential to making sensible economic models.
by Colman (colman at eurotrib.com) on Thu Jul 26th, 2007 at 05:01:14 AM EST
[ Parent ]
Of course I have seen that, I may be a Bear of Little Brain, but I am not entirely dumb. ;-)

But my point - and it has been brilliantly examined on ET in recent months - is that everything begins with the Rhetoric.

We have to take "their" Rhetoric and discourse and turn it against them.

That is what I am attempting to do when I talk about "asset-based" as distinguished from "deficit-based" finance. And more recently, by demonstrating new forms of "Public Equity" (using different legal forms to the Corporation) which people may then compare and contrast with the locust variety of "Private Equity".

Robin has IMHO something new, but if the descriptor is "tarnished" in some way by pre-conceptions and associations then he will get nowhere with it.

I would see the Economist etc giving short thrift to "Sympathy Value", but possibly a fair wind to "Indifference Value" particularly if it gives better results - (Does it? Examine Robin's work and tell me where he is wrong) - than the conventional bollocks.

And maybe in due course the world will be ready for "Sympathy" value, but right now, regrettably, I don't think it is...

When you are in power you have to stretch the truth, and then it won't ever go back to it's normal shape

by ChrisCook (cojockathotmaildotcom) on Thu Jul 26th, 2007 at 05:21:03 AM EST
[ Parent ]
Your intended point is not what was communicated by what you wrote then.
by Colman (colman at eurotrib.com) on Thu Jul 26th, 2007 at 05:35:36 AM EST
[ Parent ]
You know, my name keeps cropping up in people's comments and diary intros where I least expect it. Maybe I've been overdoing the blogging thing.

Can the last politician to go out the revolving door please turn the lights off?
by Migeru (migeru at eurotrib dot com) on Thu Jul 26th, 2007 at 05:37:07 AM EST
[ Parent ]
Think of it as  commentary on the quality of your blogging thing.
by Colman (colman at eurotrib.com) on Thu Jul 26th, 2007 at 05:41:39 AM EST
[ Parent ]
Migeru, IMHO you are one of the "engine rooms" of ET.

Keep driving right along...

And apologies for naming you! I guess you are the exception to the rule - it's just that you were the first "Analyst" that popped into my head, probably because of your high level of ET "presence".

The art is to be an "Analyst" without being "Anal" I guess...

When you are in power you have to stretch the truth, and then it won't ever go back to it's normal shape

by ChrisCook (cojockathotmaildotcom) on Thu Jul 26th, 2007 at 07:28:32 AM EST
[ Parent ]
Chris says...as he goes out the door: it would not be the first time!  
by Solveig (link2ageataol.com) on Thu Jul 26th, 2007 at 05:47:07 AM EST
[ Parent ]
I think what Chris is actually referring to is to the cases when we confront utopians with "yeah, that's great, but how do we get there from here?". I think you may have even written a diary or story against utopianism based around that point.

Can the last politician to go out the revolving door please turn the lights off?
by Migeru (migeru at eurotrib dot com) on Thu Jul 26th, 2007 at 05:52:41 AM EST
[ Parent ]
Now when analytical minds such as Migeru, and others on this site, hear the word "Sympathy" they reach for their revolvers and tend to dismiss what follows as some sort of idealistic theorising of little value in the "Real" world.

I demand a quotation now.

Can the last politician to go out the revolving door please turn the lights off?

by Migeru (migeru at eurotrib dot com) on Thu Jul 26th, 2007 at 05:24:16 AM EST
[ Parent ]
since you asked:

I demand a quotation now.

how's that?

it's a tone thing, and maybe quite different from how you are in meatspace.

Convince me

from our last discussion. it comes off as arrogant and in-your-face demanding, to me anyway.

more discursive, less confrontational, would be nice.

detached perhaps...

you have a great sense of humour, do you realise how abrasive you can be when sometimes you don't use it?

having said that, it's great that you're here, your contributions are outstanding, both in quality and quantity.

your ability to dig for thruth is amazing, reminds me of a jack russel terrier going down a badger hole!

thanks for your generosity, i'll come down off my horse now, thanks also for that good advice, lol!

it's not your fault you're brilliant, but too edgy you can do something about, that is if you care...

"It guarantees silky vibrant skin and an eighteen percent reduction in panic attacks!" Jonathan Franzen.

by melo (melometa4(at)gmail.com) on Thu Jul 26th, 2007 at 12:15:14 PM EST
[ Parent ]
since you asked:

I demand a quotation now.

how's that?

it's a tone thing, and maybe quite different from how you are in meatspace.

Yes, it's a deliberate annoyed and offended tone. Congrats for noticing. I don't think I need to be discursive about it, by the way.

As for the "convince me", you might want to reply in the right thread. It was actually not a one-liner, it was after "first you convince yourself, then you convince a friend, then you convince an enemy", which I believe is taken from Georg Polya. I remain unconvinced, by the way.

There are times when I actually want to be in-your-face, abrasive or edgy.

I'm actually worse in meatspace: there I don't do it on purpose.

Can the last politician to go out the revolving door please turn the lights off?

by Migeru (migeru at eurotrib dot com) on Thu Jul 26th, 2007 at 12:33:55 PM EST
[ Parent ]
'spress yourself!!

hope it at least makes you feel better. peace out

"It guarantees silky vibrant skin and an eighteen percent reduction in panic attacks!" Jonathan Franzen.

by melo (melometa4(at)gmail.com) on Thu Jul 26th, 2007 at 12:54:18 PM EST
[ Parent ]
... assertion:
Now when analytical minds such as Migeru, and others on this site, hear the word "Sympathy" they reach for their revolvers and tend to dismiss what follows as some sort of idealistic theorising of little value in the "Real" world.

He has every right to demand that you present evidence to back up your assertion, especially given that you have not merely made it as a claim against him, but have made him the poster child for a nebulous group of "analytical minds".


Utsukushikereba sore de ii

by BruceMcF (agila61 at netscape dot net) on Thu Jul 26th, 2007 at 11:38:23 PM EST
[ Parent ]

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