extract an interview with Jorge Alberto Collao in German Deutschlandradio Kultur Radio for the Applied Economics program, by economist Jürgen Baas. Jürgen
: Spgrengel Taboada and wrote about his texts that there was no way to understand its principles if they changed the codes through which you can access them. What they referred them exactly? Collao
: You have to ask them first. I personally have not read his opinions but I think that his excessive Americanism-particularly its obsessions with Chile and Venezuela, makes them lose perspective. I said that the spearhead of economic research is a valid indicator to attempt a turning point as it pertains to science, about the need for new approaches. So far, the economy is like the weather. It has, for example, a comprehensive catalog of all imaginable types of clouds, minutely detailed, but nobody so far can artificially reproduce a single one of those kinds of clouds. The same is true today with the economy. Jürgen
: Does this mean then that you would be in a position to claim to have taken the first step in that direction? Collao
: Of course. For over a decade we have published some work on the principle of correlative finally predicted the housing crisis in the United States. The strange thing is that even though we spread abnormal ranges retension rate, no one "inflated" as we say in Chile. The only explanation I found this situation was a connectivity problem: if you do not belong to the circles of power, these were all, as if lying Tobin which merit was given its name. After that, no research since he laid the stone with the Nobel Prize. Jürgen
: But the correlative principle that, despite having been applied to some more or less recent events, is unable to predict no more effective than other instruments. What is your real value then? Collao
: Precisely that is not primarily predictive in nature. In real terms, than it is aware of the gaps to be filled to achieve a functional whole battery of new quantifiers. Those that exist today, and please excuse the frankness-are adapted to the language of politics and undermined its deepest essence. In Chile it is called technocrat to someone who does his work efficiently but does not take into account factors outside of it. The reality is that this definition falls rather in the methodology applied by the context unrelated to operate politically from the structures of power, in that sense the correlative principle is applicable to define such situations. This then indicates the presence of missing links, only if the tortilla is completely detached, it can turn. Jürgen
: Is it a crisis of economics then? Collao
: Nooo, I do not go so far. Speaking from the Lebenswelt to describe a crisis of science seem too pretentious. Husserl and Habermas is a bit of that. But we see some signs close with a strong social impact: there is no quantifier change impact on the Euro currency, but about the stability of macro balances in the process. In Argentina, for example, there is an index reflecting changes in consumption that is reliable, denounced even by the World Bank, and that of Chile, where the discussion of poverty rates are nearly three decades and no one cares refine , locking in an argument is rather spurious policy. If this index is updated historical correlation is lost and therefore the overall usefulness of the indicator. In contrast, if left unchanged, would mean that you can live well with $ 800 Annual per capita, which is one of stupidity. Here is where the correlative is useful. Jürgen
: Another criticism that is made is that the principle of correlation is too literary and lax when expanded as a reliable tool. Collao
: Well, is that they are too accustomed to not thinking. In that sense Zizek would agree with me but do not share his orthodoxy. The question is what do we do? Of course, if I have a Mercedes Benz, I need tools for Mercedes Benz, but if you want to change the vehicle in which I move, the economy, I used the tools of Mercedes Benz, but a key is always key. Jürgen
: Okay Mr. Collao, has been a pleasure to talk these issues with you hope to have shown a different point of view of interest. Finally, what would the next steps, what is the avant of the future. Collao
: Thurow, which remains an advantage from my point of view, is not no coward. Persistently has the recipe for success but it does not recognize it: the search for new categories of merchandise. This is what's next and for that conventional economics does not work. As we say in Chile "in troubled waters, fishermen gain", that is my warning to the advantage of the unscrupulous.
But some already know what it is. Thanks for having listened.
Wiesbaden, Germany, October 2007. Written for the text
"Games Men-Tales"
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