Thursday, July 24, 2014

Avoiding Fundamentals

I somehow feel in this age, we seem to avoid talking about fundamentals. When it comes to financial crisis, we talk about multiple equilibria and failure of coordination; when it comes to beauty, we point to artificial social construct; when it comes to poverty or poor performance, we emphasize discrimination and stereotypes.
I will not argue that all those other factors do not matter---most likely they do. But it does seem to me we go to great length to deny the role of fundamentals.
Part of the things is when we say the fundamental is problematic, we cannot avoid assigning blame or responsibility. Doesn't it feel great that our financial system is perfectly regulated, it is just an unfortunate mis-cordination that caused a big problem, that there is no intrinsic beautiful or ugly, it is just some stupid tastes imposed on us by the society, that we are all perfectly smart and diligent, but it is the society that is preventing us from achieving great things?
I personally consider science as a pure curiosity endeavor---one that involves asking and answering questions that interests us. Those answers should be prevented from having anything to do with our policy or judgement. The current frenzy to apply and extrapolate "scientific findings" probably lead to numerous restrictions imposed on our scientific endeavors.
Fundamental is never the full picture, but it is very often in the picture. Perhaps it is better if science remains a personal inquiry, rather than a public display.

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