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WADR, Richard, I'm a little amused by your comparison of the laws of
economics with the law of gravity.
I'm sure that your knowledge of economics is impressive. But is it really
true that *all* American economists today agree with you? Gosh, even the
research paper that was originally quoted in this thread (written by
economists at Berkeley) presented an uncertain picture with several possible
scenarios.
My initial complaint was that the NWU took a nuanced research paper and
turned it into a prediction of certain doom. You seem to have done just the
opposite.
Perhaps you might consider a phrase like, "in my highly educated opinion" --
as opposed to, "this _must_ be the case."
Regards,
Dan
> -----Original Message-----
> From: Richard G. Combs
> Sent: Wednesday, March 10, 2004 2:33 PM
> To: TECHWR-L
> Subject: Re: Don't believe the offshore hype?
>
> You misunderstand, Dan, I'm not making an empirical claim, based on
> observation, but a logical one, based on an understanding of
> the laws of
> economics. Would you question a claim that apples fall to the
> ground and ask
> for empirical data, or would you settle for an explanation based on an
> understanding of the law of gravity? :-)
>
> A full explanation would require many pages (trust me, I have an Econ.
> degree...
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