Category Archives: Theoretical Physics

CWL 3, Chapter II: Excerpts and Paraphrases Relevant to Empirical Science and to the Science of Functional Macroeconomic Dynamics

CWL 3, Chapter II:  “Heuristic Structure of Empirical Method”

Introductory

This entry focuses on a) the general form of explanatory classical science, and b) on scientific explanation vs. non-explanatory common sense. It is constituted largely by excerpts and paraphrases relevant to empirical science, and therefore, also to what constitutes the empirical science of macroeconomics. Though we are herein confined to excerpts and commentary, we recommend strongly that the serious self-educating student read CWL 3, Chapter II, in its entirety.

[CWL 3] Lonergan, Bernard J. F. (1957 ) InsightA Study of Human UnderstandingLongmans, Green and Co. Ltd., London; and (1997) Toronto: University of Toronto Press [CWL 3, 1957 edition/1997 edition] 

First, here are eight introductory pointers:

.1) Empirical inquiry has been conceived as a process from description to explanation.  We begin from things as related to our senses.  We end with things as related to one another.  Initial classifications are based upon sensible similarities.  But as correlations, laws, theories, systems are developed, initial classifications undergo a revision. Sensible similarity has ceased to be significant, and definitions consist of technical terms that have been invented as a consequence of scientific advance…. The basic notions of physics are a mass that is distinct from weight, a temperature that differs from the intensity of the feeling of heat, and the electromagnetic vector fields.¶ Now the principal technique in effecting the trqnsition from description to explanation is measurement. We move away from colours as seen, sounds as heard, from heat and pressure as felt. In their place, we determine the numbers named measurements. In virtue of this substitution, we are able to turn from the relations of sensible terms, which are correlative to our senses, to the relations of numbers, which are correlative to one another.  Such is the fundamental significance and function of measurement. (CWL 3, 164-5)

.2) Our direct understanding abstracts from the empirical residue. (CWL 3, 516/540)

Continue reading

The Einsteinian Context: Curvature and Relativity

Albert Einstein, Steven Weinberg, Lillian Lieber, Douglas Giancoli, Raymond A. Serway, Bernard Lonergan, Philip McShane, Peter Burley,

.1. Introductory

Graduate students seeking a thesis topic may expand this treatment of the Einsteinian context of Functional Macroeconomic Dynamics.  It should be of special interest to those having a strong background in theoretical physics and, thus, able to appreciate the analogies from physics.  “Similars are similarly understood.” (CWL 3, 288/313)

Philip McShane alerted us to the resemblances between Lonergan’s context of general macroeconomic dynamics and Einstein’s context of general relativity.

(Part Two entitled Fragments) belongs almost entirely in what I call the Einsteinian context of Part Three, in contrast to the Newtonian achievement of Part One; … [CWL 21, Index, 325]

A new science has emerged.  Lonergan has elevated conventional macrostatics to a macrodynamics explaining economic accelerations. (Continue reading)

A Scientific Normative Alternative Between Laissez-Faire Running Amok and Totalitarianism Featuring Controlled Media, Firm Indoctrination, the Threat of Labor Camps, and Servile Degeneracy

Frederick Lawrence (Boston College) is a co-editor of Bernard Lonergan’s Macroeconomic Dynamics: An Essay in Circulation Analysis. (CWL 15)   Fred penned the Editors’ Introduction to that book. (Click here.) He also wrote an article entitled “Between Capitalism and Marxism: Introducing Lonergan’s Economics”.  Perspicacious economists in academe, government, and banking will benefit greatly from an immediate reading.  For access to the article now, please use the following simple path:

In your main search bar, enter JSTOR and press your Enter key.

Then, in the upper left, Click into the box “Search journals, books, images, and primary sources“.

Then, type into that box 40338243 and press your Enter key. That’ll do it. Continue reading

Two Summaries in Functional Macroeconomic Dynamics

.I.   Summary of the Analysis:  Heuristic, Observations, and Discoveries

.II.  Summary of the Argument (verbatim from CWL 15, 5-6)

.III. Supplement to the Summaries

(Continue Reading)

A Philip McShane Sampler Relevant to Functional Macroeconomic Dynamics

Philip McShane had a strong background in mathematics and theoretical physics; thus he was able to understand the scientific significance of Bernard Lonergan’s macroeconomic field theory in an Einsteinian context. (See Philip McShane in Categories in the right sidebar)

First we display, in brief, key excerpts, many of which contain analogies from physics and chemistry, relevant to the science of Functional Macroeconomic Dynamics; then we show the same excerpts more fully within lengthier quotes. Continue reading

Frank Wilczek’s “We’re All Still Living in Euclid’s World”

The Weekend Wall Street Journal,  2/5-6/2022, featured Frank Wilczek’s (MIT) column entitled “We’re All Still Living in Euclid’s World.”  The article prompts further thinking about how space, space-time, and generalized coordinates underly Bernard Lonergan’s pretio-quantital Functional Macroeconomic Dynamics, AKA Macroeconomic Field Theory. (continue reading)

Field Theory in Physics and Macroeconomics

We hope to inspire serious graduate students of economics a) to seek and achieve an understanding of “Macroeconomic Field Theory,” b) to verify empirically Lonergan’s field relations,  and c) to use the explanatory field relations as the basis of influential scholarly papers.

We trace developments

  • in physics from Newtonian mechanics to modern field theory, and
  • in economics from Walrasian supply-demand economics to purely relational, Modern Macroeconomic Field Theory.

Key ideas include a) abstraction and implicit definition as the basis and ground of invariance in both physics and macroeconomics, b) the concept of a purely relational field, c) immanent intelligibility and formal causality, and d) the canons of parsimony and of complete explanation. We highlight some key ideas: (continue reading)

Five Why’s

Why Macroeconomists Don’t Flock to Functional Macroeconomic Dynamics

Why Study Peter Burley’s Models?

Why and How the Basic Expansion Fails To Be Implemented

Why Analyze The Productive Process First?

Why Revise The National Income and Product Accounts?

 

The Abstract and Concrete Components of Science (Brief Item #89)

[9/22/2020] (Bernard Lonergan, Albert Einstein) Because insights arise with reference to the concrete, mathematicians need pen and paper, teachers need blackboards, pupils have to perform experiments for themselves, doctors have to see patients, trouble-shooters have to travel to the spot, people with a mechanical bent take things apart to see how they work.  But because the significance and relevance of insight goes beyond any concrete problem or application, men formulate abstract sciences with their numbers and symbols, their technical terms and formulae, their definitions, postulates, and deductions.  Thus, by its very nature, insight is the mediator, the hinge, the pivot.  It is insight into the concrete world of sense and imagination.  Yet what is known by insight, what insight adds to sensible and imagined presentations, finds its adequate expression only in the abstract and recondite formulations of the sciences. [CWL 3, 6/30] [#89] (Click here for previous “Single Paragraphs” or “Brief Items”)