Does the Austrian school of economics have solutions?

[Galen]

(06-01-2016, 03:31 AM)taramarie Wrote:

(06-01-2016, 03:28 AM)Galen Wrote:

(06-01-2016, 01:49 AM)taramarie Wrote: Hahaha how did this morph from a talk about life after death to the economy? Oh you guys crack me up. Keeps me ever interested!

What I described is common to all of what is called the soft sciences.  You have to understand that the progressive and modern liberal viewpoint is very mechanistic.  This works in the modern realm of physics and engineering but fails in psychology and economics.  Consider what it means if Mises and Rothbard are in fact correct as I believe they are.  It means that the world of the twentieth and twenty-first centuries is build on a false foundation.

So what is the false foundation that they point to?

 
Read Mises yourself and decide.  I will admit that his Economic Calculation in a Socialist Commonwealth can be a bit difficult for someone educated nearly a century after it was written but it is clear.  Perhaps Robert Heinlein can be of some help consider the following quotes:

Democracy is based on the assumption that a million men are wiser than one man. How's that again? I missed something. Autocracy is based on the assumption that one man is wiser than a million men. Let's play that over again too. Who decides?


Is the answer to either question correct?  Perhaps they are both wrong?  You will have to decide.  This much I can tell you:  Only through uncertainty can understanding come.  Eric the Obtuse, Playdud and pbrower are certain that they know what is best for everyone.  Are you that certain?

I once asked Eric the Obtuse if he was willing to kill in order to make me do what he wants? He has always avoided answering that question because he knows the answer and can't admit the truth.