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Does the Austrian school of economics have solutions?
#31
(Says Galen)
Quote:the Austrian School approach recognizes that experiments are not possible.  What you have to work with is logic and deduction from actual events and human nature.  Much of what they write can be translated in Propositional Logic and First Order Predicate Calculus which are very useful tools in proving whether a statement is true.  There is nothing mystical about such this.


I say: no valid science so operates. Propositional logic is practically an admission of the paucity of empirical evidence. First order predicate calculus sounds impressive -- but it is capable of proving reality based upon some extant principles beyond proof.
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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RE: Does the Austrian school of economics have solutions? - by pbrower2a - 06-05-2016, 10:22 AM

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