Comment on Science Doesn't Trust Your Rationality

Fri, 02 Sep 2011 16:50:34 GMT

You claim to be critiquing "economical libertarianism", but in fact you are critiquing microeconomics. For instance, you critique the familiar critique of price-fixing by presenting a purported counterexample. But the idea that price-fixing has certain predictable perverse consequences comes, not from libertarians, but from standard microeconomics, since it's a simple deduction from basic theory of supply and demand.

Libertarians do, to be sure, make heavy use of microeconomic theory, but this does not warrant calling microeconomics "economical libertarianism", any more than the use of a bicycle by Mao to commute to work would warrant calling bicycles "transportational communism".

So, to reinterpret your post, taking you to be attacking microeconomics, you are saying that the science of microeconomics is not in fact a science, since it is immune to empirical refutation, such as by the purported success of price-fixing.

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