Sorry this is off topic.
Can you explain what you mean by this:
I’m certainly no fan of HR departments, but I don’t follow the connection to static vs. dynamic thinking.
I’m commenting on the name of the department - the idea that workers are not unique sources of dissipated information, but rather are “resources.” That type of reductionism - treating people as data points, and so on - seems to me to be a hallmark of the “scientism” of the neoclassical methodology.
The tie-in to statics vs. dynamics is that the problem with statics is precisely the fact that it ignores - because it is unquantifiable - the entire discovery process, the idea of the economy as a learning system. This is precisely the engineering view that allows for the abstract view of human beings as well.
On a side note, I have to wonder why it is that economists working with non-linear dynamics, non-equilibrium concepts, and so forth, such as at the Santa Fe Institute, tend to be so socialist. Their ideas tie in so well to Austrian ideas, and present such a good Hayekian case for the market, that I’m amazed that 1-they don’t realize it and 2-there aren’t more Austrians crowding in on their institutes.
That inflation happens because “free market capitalism” is under-regulated
Well, they can, they just don’t. They certainly have the ability to increase or decrease the money supply.
Well, a central bank I guess can increase or decrease the money supply, but it does not cure inflation. What do they do when there is high inflation and high unemployment? In this situation, the Federal Reserve can do nothing to solve the problem because any action they take will harm the other, a situation that would not arise in the free-market.
Rothbard said it best when he said that the government (the Fed) is inherently inflationary because controls the production of money.
They can control the money supply, but they can’t control (or measure) money demand, making it impossible for the Fed to control the “price level”. They imply that they can simply so they keep the power to spend as much as they want (which is the true point of the Fed).