tag:blogger.com,1999:blog-6837159629100463303.post2631158496214345902..comments2023-06-18T01:25:08.748-07:00Comments on Information Transfer Economics: No one saw this coming: Bezemer's misleading paperJason Smithhttp://www.blogger.com/profile/12680061127040420047noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6837159629100463303.post-43930653603819707512018-05-03T08:33:12.433-07:002018-05-03T08:33:12.433-07:00I have a feeling direct confrontation on this woul...I have a feeling direct confrontation on this would not be productive, and that someone he considers a friend (or at least neutral) should let him know. But if I have to be the one, I will do it.<br /><br />I'd agree in e.g. the case of Sorensen the misquoting doesn't change the substance drastically. However, in the case of the quote from Keen you mention it should be made explicitly clear Keen was talking about Australia, and also not only was the prediction wrong but the "current data" bit was wrong as well. Australia's housing bubble is still going and it hasn't had a recession since 1991. This makes the quote an example of a *failed* prediction. In a more objective paper, it would still be included but noted as a failure.<br /><br />Even in the case of Sorensen, by far the most plausible case and the only one who mentions a *global* recession, two of the four countries he mentions didn't have bubbles that popped (Norway's housing prices are still climbing),Jason Smithhttps://www.blogger.com/profile/12680061127040420047noreply@blogger.comtag:blogger.com,1999:blog-6837159629100463303.post-43716427728279903252018-05-03T01:12:05.936-07:002018-05-03T01:12:05.936-07:00So, did anyone reach out to Dirk? Reading it somew...So, did anyone reach out to Dirk? Reading it somewhat positively his quotes are not really changing the substance of matter, but are really, really sloppy. Any professor should know how to cite properly.<br /><br />“Long before we manage to reverse the current rise in debt, the economy will be in a recession. On current data, we may already be in one.” (2006)<br /><br />should be:<br /><br />“[L]ong before we manage [to reverse the current] rise in debt, [...] the economy will be in a recession. [...] On current data, [...] [we] may already be in one” (2006)<br /><br />Magnificently ugly, but that's a feature not a bug. Any reader would be triggered to think: with that amount of editing, is that quote really a quote. A whole paper filled with [...] and [additional word] ridden quotes wouldn't be written like that, again: a feature of proper quoting.Willemhttps://www.blogger.com/profile/16010568860913305215noreply@blogger.comtag:blogger.com,1999:blog-6837159629100463303.post-25561020934873056952018-05-02T15:13:50.606-07:002018-05-02T15:13:50.606-07:00Totally correct. Copy and past error from the orig...Totally correct. Copy and past error from <a href="https://informationtransfereconomics.blogspot.com/2018/01/qualitative-economics-done-right-part-3.html" rel="nofollow">the original blog post</a>. Accidentally cropped the first half of the sentence:<br /><br /><i>Unfortunately, Godley's policy note linked above is completely mis-represented in a paper by Dirk Bezemer that I have been directed to on multiple occasions as "documentation" of how the heterodox community predicted the global financial crisis.</i><br /><br />I will fix it.Jason Smithhttps://www.blogger.com/profile/12680061127040420047noreply@blogger.comtag:blogger.com,1999:blog-6837159629100463303.post-82558283150901788132018-05-02T14:32:06.456-07:002018-05-02T14:32:06.456-07:00I think your first sentence is lacking an object t...I think your first sentence is lacking an object that the word "to" demands.By The Wayhttps://www.blogger.com/profile/11544413001329820101noreply@blogger.com