Friday, February 16, 2007
When I knew I was hooked
The following sketchy account of the �prospecting�-ceremony among the Macro brings out several of the riddles that currently perplex Econologists working in this area:I'd tell you how we do forecasting, but then I'd have to kill you.The elder grasps the LM with his left hand and the IS with his right and, holding the totem out in front of himself with elbows slightly bent, proceeds in a straight line-�gazing neither left nor right� in the words of their ritual-out over the chosen terrain. The grads of the village skip gaily around him at first, falling silent as the trek grows longer and more wearisome. On this occasion, it was long indeed and the terrain difficult ... the grads were strung out in a long, morose and bedraggled chain behind their leader who, sweat pearling his brow, face cast in grim determination, stumbled onward over the obstacles in his path... At long last, the totem vibrates, then oscillates more and more; finally, it points, quivering, straight down. The elder waits for the grads to gather round and then pronounces, with great solemnity: �Behold, the Truth and Power of the Macro.�
Labels: economics