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Does the Austrian school of economics have solutions?
(05-30-2016, 06:07 AM)Galen Wrote:
(05-30-2016, 05:09 AM)taramarie Wrote: Thank you. I will check him out tomorrow after work. Off to bed after a double shift. I agree with him already. I will seek many sources. Not just what science only currently knows.

Just remember that psychology, in particular, has trouble with replicating results.  The field of economics has the same problems which is why the Austrian economists choose the methods of Mises and Rothbard.  They get better results that everyone else but they still are doing research, which is the main reason why the Mises Institute exists.

The Austrian school leaves its "self-evident truths" about economics beyond analysis or criticism. In that they are as flawed as Marxists.
The ideal subject of totalitarian rule is not the convinced Nazi or the dedicated Communist  but instead the people for whom the distinction between fact and fiction, true and false, no longer exists -- Hannah Arendt.


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