Ayo Indonesia !

I must in some sense agree with yusuf kalla. our economy is growing 6 percent, while others on the verge of breaking down. In this case the government's economic ministers must be given some credit. SBY and JK, despite of many blunders they have made, in some point have courageously shown their plan in putting away our nation dependence on oil source-fuel. This is as well need to be given extra credit, while all other preceding presidents have no guts to do.

Our nation is evolving, and criticism from fellow economists is good, as long as it is not intended for political purposes.

it is easy to distinguish political criticism, First, it is almost always come from the same groups/political party/ and politicians. Second, these critics seems to be related with normative terms than empirical studies. Third, most of this politician only say what people want to hear, and never ever do the opposite.

32 comments:

colson said...

Though I'm afraid we disagree on the merits of capitalism ( and Adam Smith), I do very much appreciate your entries. A different opinion from mine, but eloquently ( and passionately I guess) written.

Not even being a "fellow economist", not even being an Indonesian citizen, this specific line of yours struck me:

"criticism from fellow economists is good, as long as it is not intended for political purposes".

Is economy within the framework of capitalism really "value free" in your opinion, i wonder.

To my best knowledge free market economy IS a political choice. And, you are right of course, rejection of free market economy is political also.

Don't you agree?

Rajawali Muda said...

Hi colson, very nice of you to come. And giving me some difficult question to answer :D

I think we should not crucify economics on Fiscal policies per se. in term of fiscal policies we may be talking political choice, But in economics as a science, we should not.

In some sense I believe economics is a value free. like other sciences, it should be value free, because in that way we see people in a more objective ways. we observe, not to make them what they ought to be.

Nevertheless I do not object that people behavior can be affected by whatsoever the institutional effects surrounding them, people evolves based on the information they had.

but as Adam smith said,it will not last long. in the end everything will started to breaking down. so my idea is that stop sticking on stupid dichotomies. I am a great admirer of Dani Rodrik, I believe that everything is unique.

Economics is a complex word, I think we should review the facts first, before taking sides, either for capitalism or not capitalism.
these dichotomies really just theories, what really matters is fact.

I admire capitalism, because people is free to move, to make changes in their life. is that value-free to you? is value free bad?

Rajawali Muda said...

oh ya, I'm sorry, I don't think I've answered your main question. about my sentence you quoted. What I meant is people now bragging about everything especially Indonesian economy,as a means to political goals, not purely economics based arguments. the so called pengamat, who are now campaigning for "capres", do they speak based on solid facts? They speak either based on their hatred on free exchange,or their dream of power. I do have some admiration to economists/non economists, who like you may be disagree with my belief,
I just don't like cheap politicians, banging around with words everywhere, to get the political power at all cost

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