—“Stanford and Chicago GSB have more academic publications that these universities’ economics departments. Two things i don’t like in this trend. 1) Academia persuaded university authorities that to business PhD and MBA math-economics is indispensable. Applied programs people hate this “rigorous” nonsense 2) Too many graduates from mainstream go to teach in business schools.”— Arteom Korotchenya
– Procedural Application (private business and public govt) vs
– Application(repeatability) vs
– Basic Research(discovery).
Three different things. Very few basic research papers of merit in any given year. Many, many applications tested each year, each expanding or reducing empirical content and thereby increasing or decreasing candidacy in law.
All organizations, intellectual included, operate by class structures, roughly segmented by every ten points of IQ +/- 1/2 St.Dev. And it is the cooperation between these classes that produces the difference between imagination, hypothesis, theory, and law. Those at the bottom test theories tested by application to data and hypothesized by basic research.
Together we take a restructuring of human understanding, through various tests, until habituated by use, and assumed metaphysically as a natural property of existence.
So think of the hierarchy as a production cycle, and work within your class, and don’t worry about what other classes do. They CAN only work with the conceptual tools that we give them. And very few of us struggle amidst ridiculous odds to find some innovation that can work its way through that production cycle and end up in our unconscious assumptions about the nature of reality and how we can act to benefit from it.
The Propertarian Institute