• Critical Thinking Forum - Using Economic Science to Understand.

The organizational theme of this course has been the use of critical thinking to understand the world. This ongoing process is scientific in orientation in requiring the propositions be subject to the two-fold test of logic and empirical examination. The former requires the use of economic models to trace out logical causality and the role that policy can play in shaping outcomes. The later requires the use of primary data to explore changes in relationships. Note that critical thinking does not involve searching the internet for links to reaffirm particular belief structures. The internet is full of sites with disinformation packets, complete with simple slogans, charts, pictures, etc., produced to create and perpetuate belief systems that advance the agenda of vested interests.

Sebastian has added what was the radio to the shambles that was the television. Oh well, with so much homework to do there is no time for television or radio! You find Sebastian in the office nook studying the computer screen. You look over his shoulder and see he has discovered Facebook, through which he scrolls with incredible speed, his eye moving in a circular pattern as he speed reads. Realizing you are with him he jumps with a start: “Oh earthling, finally, finally, maybe, just maybe, I have discovered truth!” You look back at ruble that was the television and radio and start thinking about the computer’s future. “Earthling, look at this Facebook message. Lots of people have been re-posting it. It says ‘Everyone with half a brain knows – just knows – that if the government would reduce spending on everything – everything – except military spending, the deficit would be reduced thus stimulating the economy and creating full employment.’ And look, you can make this true by clicking like!”

Use some economic science, empirical data and economic history to better help Sebastian understand the veracity of this Facebook message.

(min 4 paragraph) 

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Status NEW Posted 02 Aug 2017 08:08 AM My Price 7.00

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