In Memoriam: Norman MacRae

by Pejman Yousefzadeh on June 19, 2010

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There is no doubt that Norman Macrae was wrong about at least a few things; unlike Macrae, I am not a Keynesian (though I appreciate Keynes’s contributions to the study of economics), so I disagree with the macroeconomic prescriptions Macrae sought to advance. And proposing to cure homosexuals with a nasal spray was just nothing short of bizarre.

But there is also no doubt that Macrae was a prophet when it came to discussing technological issues, that his predictions about Japan were spot-on, and that he was a sterling advocate on behalf of classical liberalism who repeatedly–and successfully–pointed out that contrary to the claims of the doom-criers, life was getting better and better.

He deserved to have more fame in life. He deserves to be remembered in death as a brilliant and dedicated finder of fact. He did not always succeed in finding fact, to be sure. But he always tried, and succeeded much more often than most. Would that all journalists were able to claim the same.

Recquiescat in pace.

  • microeconomics

    Dad was not a macroeconomist! His 2024 Report published in 1984 described most macroeconomics as disgraceful political chicanery. His 1960s book Sunshades in October described elderly macroeconomists as society's greatest risk – one that needed to be countered by the curiosity and collaborative networking of young microeconomists.

    Scottish Free Market frameworks that evolved particularly from Adam Smith assumed that if you invest in productivity of youth, family and community then healthy society generates strong economy not vice versa. His 2024 reports warned that the net generation would spin one of 2 oppsoite outcomes- the Orwellian Big Brother one, or connect open source micro solutions whose overarching goal would unite round ending poverty as a failed system. We live in a world where about one in six children are born into such poverty or lack of community sustainability that they have almost zero chnace of discovering their own competences and creativity. This is not a productive or economic way to order the world. What Keynes correctly forecast is that increasingly only economics rules the world. Norman added the extra logic – yes but which way : micro up or macro down? You can see Norman celebrate his favourite microeconomics networkers in his last article written in support of the extraordinary Bangladeshi entrepreneurs such as Muhammad Yunus http://yunusforum.net/?p=80

    Scot James Wilson who founded it in 1843 intended the paper to be closed once 2 laws had been abiolished – corn laws whose monopoly caused starvation to spiral (eg 150 years of troubles with Ireland spun from famine due partly to the corn law mentality); capital punishment which James saw as society's way out of not investing in youth and community. In dad's day the joke was that whilst the EU agricultural policy existed James would want the paper to continues, and whilst unwise banking and gov systems chained peoples and societies in debt instead of investing in human productivity and communal regeneration there was more for dad to help economists edit. He was clear that the 2010s is the most excitiong decade to be alive as the number one purpose of mediatining networks : Yes WE Can all question which economics is systemising the wrong way round for your children's children to job create and be exponentially sustainable in every life-critical way ahead.

  • microeconomics

    Dad was not a macroeconomist! His 2024 Report published in 1984 described most macroeconomics as disgraceful political chicanery. His 1960s book Sunshades in October described elderly macroeconomists as society's greatest risk – one that needed to be countered by the curiosity and collaborative networking of young microeconomists.

    Scottish Free Market frameworks that evolved particularly from Adam Smith assumed that if you invest in productivity of youth, family and community then healthy society generates strong economy not vice versa. His 2024 reports warned that the net generation would spin one of 2 oppsoite outcomes- the Orwellian Big Brother one, or connect open source micro solutions whose overarching goal would unite round ending poverty as a failed system. We live in a world where about one in six children are born into such poverty or lack of community sustainability that they have almost zero chnace of discovering their own competences and creativity. This is not a productive or economic way to order the world. What Keynes correctly forecast is that increasingly only economics rules the world. Norman added the extra logic – yes but which way : micro up or macro down? You can see Norman celebrate his favourite microeconomics networkers in his last article written in support of the extraordinary Bangladeshi entrepreneurs such as Muhammad Yunus http://yunusforum.net/?p=80

    Scot James Wilson who founded it in 1843 intended the paper to be closed once 2 laws had been abiolished – corn laws whose monopoly caused starvation to spiral (eg 150 years of troubles with Ireland spun from famine due partly to the corn law mentality); capital punishment which James saw as society's way out of not investing in youth and community. In dad's day the joke was that whilst the EU agricultural policy existed James would want the paper to continues, and whilst unwise banking and gov systems chained peoples and societies in debt instead of investing in human productivity and communal regeneration there was more for dad to help economists edit. He was clear that the 2010s is the most excitiong decade to be alive as the number one purpose of mediatining networks : Yes WE Can all question which economics is systemising the wrong way round for your children's children to job create and be exponentially sustainable in every life-critical way ahead.

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