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David F. Ruccio — Liberal Superman theory

Summary:
Epistemology rather than economics. Epistemological absolutism holds that there are absolute criteria and methods available for applying them to gain certain knowledge. Epistemological relativism holds that there are neither. Without getting into the weeds about this, suffice it to say that this epistemological distinction is not particularly relevant to the point that Professor Ruccio makes in the post, which revolves around mistaking ideology for fact. Here he is spot on and can be shown regardless of whether one is an epistemological relativist or absolutist. This also accounts for the obsession with controlling the narrative in order to shape consensus reality and the role of "experts" in doing it. This is just plain old sophistry, know colloquially as "duping the rubes."

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Epistemology rather than economics.

Epistemological absolutism holds that there are absolute criteria and methods available for applying them to gain certain knowledge. Epistemological relativism holds that there are neither.

Without getting into the weeds about this, suffice it to say that this epistemological distinction is not particularly relevant to the point that Professor Ruccio makes in the post, which revolves around mistaking ideology for fact. Here he is spot on and can be shown regardless of whether one is an epistemological relativist or absolutist.

This also accounts for the obsession with controlling the narrative in order to shape consensus reality and the role of "experts" in doing it. This is just plain old sophistry, know colloquially as "duping the rubes."

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Liberal Superman theory
David F. Ruccio | Professor of Economics, University of Notre Dame
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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