tag:blogger.com,1999:blog-9633767.post5965113720615073732..comments2024-03-18T06:11:04.848-07:00Comments on The Curious Wavefunction: We are all Hamiltonians. We are all Newtonians.Wavefunctionhttp://www.blogger.com/profile/14993805391653267639noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-9633767.post-8046653886604346162015-06-19T13:19:58.916-07:002015-06-19T13:19:58.916-07:00M Tucker: Nice to see you here after a long time. ...M Tucker: Nice to see you here after a long time. Speaking of Newton and sports, I remember that sales of John Gribbin's book on the physics of golf skyrocketed when a copy of the book was found in Tiger Woods's car after his little accidents. Who would have thought that Newton's laws would also help supplement science writers' incomes...Wavefunctionhttp://wavefunction.fieldofscience.comnoreply@blogger.comtag:blogger.com,1999:blog-9633767.post-46721367774719231642015-06-19T13:12:50.755-07:002015-06-19T13:12:50.755-07:00Actually, now that he's threatened with banish...Actually, now that he's threatened with banishment from the $10 bill, I feel rather sorry for the fellow. Not that he minds. I gather too that the British are ditching Adam Smith from one of their bills in favor of some more politically palatable individual.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9633767.post-36869510527324788712015-06-18T15:55:05.608-07:002015-06-18T15:55:05.608-07:00“Even today after Einstein and Heisenberg and Bohr...“Even today after Einstein and Heisenberg and Bohr, 99% of the things that matter to us unfold on a Newtonian stage.”<br />I’m guessing you would include our favorite sports as well, like baseball.<br />“These days nobody writes books on Newton's laws”<br />Well I suppose you are right about newly published books but one that is still popular, now in its 3rd edition, The Physics of Baseball, by Robert Adair, reminds me that you are completely correct when you say “99% of the things that matter…unfold on a Newtonian stage.” Maybe 99.9%? And what if you are like one of the Amazon reviewers who is completely stumped by Adair’s lucid and fun little book? A modern human with a stone age understanding of nature...I suspect about 50% of the voting public might qualify.<br /><br />Great Post!<br /><br />M TuckerAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-9633767.post-13787516298193079262015-06-18T09:31:01.801-07:002015-06-18T09:31:01.801-07:00Thanks for your detailed comments: I suspect we ag...Thanks for your detailed comments: I suspect we agree more than we think. Both Jeffersonians and Hamiltonians are essential for a country's progress, and both have their pros and cons as you rightly pointed out. But the sheer scope and size of the development of a country like the US makes it inevitable that even Jeffersonians will occasionally have to adopt Hamiltonian policies: a good example is presidents Reagan and Bush who in spite of being seemingly Jeffersonian enacted Hamiltonian policies when it came to things like welfare and trade. Both men wisely understood that proper governance needs both philosophies. In fact Jefferson himself became a Hamiltonian when he signed off on the Louisiana purchase and embargoed British shipping in the years before the War of 1812. <br /><br />It's heartening to me to see that leading Jeffersonians in this country have understood the need to adopt Hamiltonian policies, even as they continue to abide by their core Jeffersonian principles. It is this creative tension that propels national development.Wavefunctionhttps://www.blogger.com/profile/14993805391653267639noreply@blogger.comtag:blogger.com,1999:blog-9633767.post-5845241915455119572015-06-17T14:47:09.224-07:002015-06-17T14:47:09.224-07:005) Concluding questions -
What is the purpose of ...5) Concluding questions - <br />What is the purpose of elevating Hamilton in this way? I suspect ultimately the Hamiltonian argument yields a nation that is not a democratic republic, and that this defense of the Hamiltonian idea is really an intellectual whitewash of a power grab by the Democrat-aligned bureaucrat class. In the last seven years, which zip codes in the US have become the wealthiest, and is that good for the nation? Has pursuit of these 'Hamiltonian' ideals led to greater transparency, or evidence of an embarrassingly high level of corruption, cronyism, misuse of office, and political suppression? Why have there not been any prosecutions for behavior that by *any* standard is absolutely outrageous? Why is our Congress considering legislation that is not accessible to public (and even legislative) scrutiny?<br />We are not all Hamiltonians. Nor should we be.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9633767.post-37697079981929400152015-06-17T14:46:37.951-07:002015-06-17T14:46:37.951-07:004) The "arch Republican" Nixon didn'...4) The "arch Republican" Nixon didn't say "We are all Keynesians now," although this is popularly ascribed to him. Apparently it was originally ascribed to Milton Friedman, who tried to clarify the quote shortly after the (erroneous) attribution in 1966. The quote originally was "In one sense, we are all Keynesians now; in another, nobody is any longer a Keynesian." Friedman dryly noted that the second part was at least as important as the first. Nixon was later quoted as saying, "I am now a Keynesian in economics," after taking the US off the gold standard - the cornerstone of the Bretton-Woods system. Context is important. See: http://clubtroppo.com.au/2009/02/15/pedantic-fact-checking-did-nixon-really-say-we-are-keynesians-now/<br />The extent of Nixon's "conversion" is debatable. He inherited a weak economy from Johnson, with high levels of government spending from Vietnam and the "Great Society," rising inflation (at least partly Reserve-driven) and unemployment. Germany had left Bretton-Woods, and other nations were threatening to follow suit. There was increasing dissatisfaction with the Bretton-Woods arrangement by all parties involved. Therefore Nixon, acting principally on the advice of (Democrat) US Treasury Secretary Connolly enacted several measures to try to avoid an economic crisis:<br />a) a 90-day wage and price freeze; <br />b) suspension of convertibility of the US dollar into gold;<br />c) imposition of an import surcharge.<br />The results of the "Nixon shock" were to send the price of gold soaring, and stagflation. The mistaken and inaccurate Liberal-promoted meme that "we are all Keynesians" in reality died a hard, unpleasant death in the 1970s.<br />Later Nixon said the following:<br />"On August 15, 1971, I did something that went against my every instinct about what is good for the American economy: I imposed a 90-day nationwide freeze on wages and prices, to be followed by a gradual return to decontrol. History told me that while controls might be politically popular, they would be economically disastrous. Over my protests, an opposition-controlled Congress had given me power to impose controls. With inflation worsening, there was a swelling chorus of demands in Congress and the media that the power be used. When controls were imposed in August 1971 the nation stirred with excitement and sighed with relief. In the first day's trading, the Dow Jones average on Wall Street rose 33 points. But it was a false euphoria. In the short term, controls provided relief; in the long term, they made the situation worse. Once in place, they were more difficult to get rid of in an orderly way than I had expected."<br />"We should address the deficit through spending cuts, not tax increases. The deficit exists not because the American people are undertaxed but because the US government overspends."<br /><br />So - in conclusion, we are not now, nor have we ever been, "all Keynesians." The "quote" was manufactured and spread, and continues to be used, to promote an agenda of increased government power and control by a single political party.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9633767.post-86637324984462590082015-06-17T14:45:52.917-07:002015-06-17T14:45:52.917-07:00The "We Are All Hamiltonians, We Are All Newt...The "We Are All Hamiltonians, We Are All Newtonians" article bothers me, a lot.<br /><br />1) "We Are all Hamiltonians." The premise of "We Are All Hamiltonians" is essentially that the conflict between Hamiltonian and Jeffersonian thought has largely played out on a stage dominated by proponents of Hamiltonian ideas (i.e. favoring a "strong central government with broad governing powers") - and that this stage has at best played the role of "enabling framework" for Jeffersonian ideals involving "small, (non-centralized) government and individual economic initiative"). This is fallacious reasoning - it boils down to saying "it happened this way (historically), therefore it *is* (inevitably) this way." It avoids contemplating that perhaps the historical evolution of the nation transpired as it did not because of 'Hamiltonism' but rather in spite of it - or even that significant episodes in the nation's economic history (e.g. the Great Depression, the current Great Recession) were created, worsened and unduly prolonged because of an insistence on Hamiltonian "solutions" that were in fact anything but solutions to the challenges at hand. We have been profoundly affected by the legacy of Hamilton, and others. We are not "all Hamiltonians."<br /><br />2) Mlodinow's contention that "we all reason like Newtonians" is absurd. Although I would agree that we use some language in common, as in Mlodinow's example, the fact is the vast majority of people on the planet are not capable of replicating Newton's thought process vis. calculus and physics. They probably could not even originate the ideas, given a hypothetical absence of Newton. Going further, Newton was decidedly a product of his time and circumstances, and those ideas and experiences that informed his thought process would be largely alien to people today. We stand on the shoulders of giants, but we don't think like them - by the same token, we are not Newton's children. We are the recipients of his incredible insights into optics, physics and mathematics, insights that go a long way toward a functional understanding of the behavior of our perceived reality. We are not however, spending years of our time trying to turn lead into gold. We do not reason like Newton, or Newtonians.<br /><br />3) Likening Hamilton to Newton is fallacious. Newton, as a scientist, was concerned with drawing conclusions from reproducible observations of physical phenomena. Hamilton, as a political and economic thinker, was concerned with speculations on the nature of man and political institutions. There was a profound difference in the methods, strategies, and resources used. There is a profound difference in the confidence we can have in the findings of each.Anonymousnoreply@blogger.com