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Lars P. Syll — Using economics as a propaganda device

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Paul Diesing: "The most serious deficiency of implicit formal theories is that the verbal language disguises the abstractness of the theory … The consequence of the fallacy of misplaced concreteness is that the theory looks too convincing to its proponents​ … He becomes​ the prisoner of his own logical model and is rendered incapable​ of seeing reality from any other standpoint …" Mistaking a map for the territory.  Classic error.  Virtually everyone makes it by mistaking their map (worldview) for the territory (reality). Even so-called experts in cognitive disciplines often make it. Lars P. Syll’s BlogUsing economics as a propaganda deviceLars P. Syll | Professor, Malmo University

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Paul Diesing: "The most serious deficiency of implicit formal theories is that the verbal language disguises the abstractness of the theory … The consequence of the fallacy of misplaced concreteness is that the theory looks too convincing to its proponents​ … He becomes​ the prisoner of his own logical model and is rendered incapable​ of seeing reality from any other standpoint …"
Mistaking a map for the territory. 

Classic error. 

Virtually everyone makes it by mistaking their map (worldview) for the territory (reality). Even so-called experts in cognitive disciplines often make it.

Lars P. Syll’s Blog
Using economics as a propaganda device
Lars P. Syll | Professor, Malmo University
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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