Labba posted:Hey hey hey...dem bais seh dem is doers. Dem gat street sense. Dat dem bais like TK only gat book sense which is no sense. Only hustlers, huckers and pushers can develop kuntry. Hey hey hey. Dem coolie gat to pay foh all dem steet sense. Government gat foh prevent dem coolies and dem few blackman who na vote foh Jagdoe from suffering. Dem need to buy or nationalise it at wan discount. Hey hey hey.
You are making a rather disingenuous argument. An economist is a social scientist dealing with data produced by real world problems. Writing articles is not a sterile exercise but one grounded in practical examination of real world practices.
I am always perplexed that in this modern reality that people still make the silly distinction as to book sense vs practical sense. It does not exist. Most engineers never build anything. They design them for other lower level workers to execute. An engineer deals with producing workable designs but it takes the minds of those like TK with a synoptic view of the particular specialty to do the oversight analysis and come up with scenarios that validates the design as economically sound.
The engineer relies on these kinds of analysis to temper his design strategies. Both fields rely on "book sense" since the validation of design soundness is always on the theoretical foundations in physics and material science and its economic viability on the theory of market analysis ( which is often harder to grasp since much of it is on assumptions). The design of a bridge is completely book sense. The build is where on the practical expressions of engineering strategies and economics are validated. I think TK has proved his worth in projecting what would happen with the economics of this bridge and its present reality as a failure.