= 27d567bc2d48d9f40e9ccc20ea370b15)
Douglas_Knight comments on Awful Austrians - Less Wrong
You are viewing a comment permalink. View the original post to see all comments and the full post content.
= 783df68a0f980790206b9ea87794c5b6)
Loading…= b715d02e85f7b3b4ae65ca3d3e450868)
Subscribe to RSS Feed
Powered by Reddit
= f037147d6e6c911a85753b9abdedda8d)
You are viewing a comment permalink. View the original post to see all comments and the full post content.
Comments (88)
I don't have the time to post a defense of the Austrians, but I encourage anyone who is really interested in the subject to read this comment thread: http://commentlog.org/bid/4408/Feynman-Rothbard-and-the-Science-of-Economics
This thread contains the best explanation I've seen of the Austrian position, and it actually makes a lot of sense. In economics, there is simply not enough variables to do a controlled experiment. So you have to use deduction and reason in order to understand events. Insisting on using Popperian falsifiability where such a procedure is not possible, creates the well known keys and lamp post fallacy.
That is a reasonable criticism of mainstream economics. I am skeptical that it has anything to do with Austrian economics. Probably someone sat down with an unshakable belief that the Austrian economics meant something and extracted this claim.
I don't see why I should care about the correct attribution of this complaint. The Austrians are so bad at communicating that this interpretation has not helped me extract anything else from them. If other people can extract other useful claims from the Austrians, they should isolate and promote those claims.