Cargo Cult Economics

A Facebook exchange with a friend made me connect this link with the passage of Richard Feynman below. Profound and unintelligible poetry! (Stephen 🙂 )

In the South Seas there is a Cargo Cult of people. During the war they saw airplanes land with lots of good materials, and they want the same thing to happen now. So they’ve arranged to make things like runways, to put fires along the sides of the runways, to make a wooden hut for a man to sit in, with two wooden pieces on his head like headphones and bars of bamboo sticking out like antennas -he’s the controller- and they wait for the airplanes to land. So I call these things Cargo Cult Science, because they follow all the apparent precepts and forms of scientific investigation, but they’re missing something essential, because the planes don’t land.

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