05-30-2016, 08:31 PM
(05-30-2016, 08:08 AM)pbrower2a Wrote:(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.
No they don't. It is a matter of deduction from what is known of human nature and a study of history. You just don't like the answers that they come up with. If you actually read Economic Calculation in a Socialist Commonwealth and perhaps some computer science texts then you might know that Mises was on to something. Given how poorly economic intervention has worked historically then it seems clear that the Austrian economists know more about what is going on then mainstream economists.
Democracy is the theory that the common people know what they want, and deserve to get it good and hard. -- H.L. Mencken
If one rejects laissez faire on account of man's fallibility and moral weakness, one must for the same reason also reject every kind of government action. -- Ludwig von Mises
If one rejects laissez faire on account of man's fallibility and moral weakness, one must for the same reason also reject every kind of government action. -- Ludwig von Mises