. . . On Politics, Research, and Economics. . .

Some one asked me this: To what extent do you think politics play into quantitative research? An example would be that Company X funds Dr. Joe’s research and then pushes this research fully expecting certain results. Then Company X will be using the quantitative results to promote their product through advertising. The second question to go along with this is: How do the results of this research affect us as consumers? What are the positive and negative consequences in our society?

Here is my brief response: Politics plays into research in the fullest of extents. . . however, that being said, I think it is up to the consumer to decide for themselves what is most pressing when it comes to choosing a product or service.

The validity of most studies can be verified relatively easily. To be the most effective, we, the people, need to take it upon ourselves to find the best possible solutions (products). One of the basic, fundamental, assumptions in Neoclassical (market) Economics (the theories under which our system works) is perfect consumer knowledge. That means we, the consumer of goods and services, have 100% knowledge of every choice in the market. Under this system, not only do we have the ability to know everything before we act, we ACTUALLY do the research to determine the best possible solution. Therefore, theoretically, every decision we make, as consumers, is not affected by politics. We will always make the best economic decision.

Now, practically – this is, obviously, not the case, as we do not take it upon ourselves to take the time to fully verify every claim we hear. Therefore, we utilize blind faith in decision making. The consequences of such decisions are as widespread as we allow them to be. In terms of outcome, if we act in good faith; and within the realms of ethics, morals, and legality, then our risk of adverse outcomes will be minimized.

Ciao.

Trickle Down Economics

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~ by shinshige on 17 February 2009.

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