Comments on: Is Austrian Economics Pseudo-Science? http://www.tdaxp.com/archive/2008/01/21/is-austrian-economics-pseudo-science.html All of us against the machine Fri, 19 Mar 2010 18:20:16 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: tdaxp http://www.tdaxp.com/archive/2008/01/21/is-austrian-economics-pseudo-science.html/comment-page-1#comment-137530 tdaxp Fri, 19 Sep 2008 02:33:28 +0000 http://www.tdaxp.com/archive/2008/01/21/is-austrian-economics-pseudo-science.html#comment-137530 Brock, Well said. I think it's better to call Austrian Economics a philosophy than a science. As such, it has limited use in our attempt to better control human behavior, but it can raise interesting questions and problems. Brock,

Well said. I think it’s better to call Austrian Economics a philosophy than a science.

As such, it has limited use in our attempt to better control human behavior, but it can raise interesting questions and problems.

]]> By: Brock http://www.tdaxp.com/archive/2008/01/21/is-austrian-economics-pseudo-science.html/comment-page-1#comment-137440 Brock Thu, 18 Sep 2008 19:00:33 +0000 http://www.tdaxp.com/archive/2008/01/21/is-austrian-economics-pseudo-science.html#comment-137440 The fact is that Austrian economics is more like a practice of Aristotelian philosophy (starting from axioms) than quantitative economic systems of the Chicago, Neoclassical, and Keynesian schools. The answer to the question about whether Austrian economics is "pseudo-science" is "no"; the fact that Austrian economics bears no even slight similarity to science is its greatest strength. Economics today, like other social sciences, is attempting to reduce itself to formalistic mathematical methods. Austrian economics counters this movement quite brilliantly. The fact is that Austrian economics is more like a practice of Aristotelian philosophy (starting from axioms) than quantitative economic systems of the Chicago, Neoclassical, and Keynesian schools.

The answer to the question about whether Austrian economics is “pseudo-science” is “no”; the fact that Austrian economics bears no even slight similarity to science is its greatest strength. Economics today, like other social sciences, is attempting to reduce itself to formalistic mathematical methods.

Austrian economics counters this movement quite brilliantly.

]]> By: Dan tdaxp http://www.tdaxp.com/archive/2008/01/21/is-austrian-economics-pseudo-science.html/comment-page-1#comment-19456 Dan tdaxp Wed, 30 Nov -0001 00:00:00 +0000 http://www.tdaxp.com/archive/2008/01/21/is-austrian-economics-pseudo-science.html#comment-19456 <p>I went into some more detail on the pluses and cons of quantitative methods, after reading some Conversation Analysis stuff by Paul ten Have that drove me to frustration<br /> <br /> <a href="http://www.tdaxp.com/archive/2008/01/28/the-quantitative-revolution.html" target="_blank" rel="nofollow">http://www.tdaxp.com/archive/2008/01/28/the-quantitative-revolution.html</a></p> I went into some more detail on the pluses and cons of quantitative methods, after reading some Conversation Analysis stuff by Paul ten Have that drove me to frustration

http://www.tdaxp.com/archive/2008/01/28/the-quantitative-revolution.html

]]> By: Dan tdaxp http://www.tdaxp.com/archive/2008/01/21/is-austrian-economics-pseudo-science.html/comment-page-1#comment-19454 Dan tdaxp Wed, 30 Nov -0001 00:00:00 +0000 http://www.tdaxp.com/archive/2008/01/21/is-austrian-economics-pseudo-science.html#comment-19454 <p>Mark,<br /> <br /> Is this critique of quantitative methods unique to economics, or are all social sciences equally misguided?</p> Mark,

Is this critique of quantitative methods unique to economics, or are all social sciences equally misguided?

]]> By: vimothy http://www.tdaxp.com/archive/2008/01/21/is-austrian-economics-pseudo-science.html/comment-page-1#comment-19455 vimothy Wed, 30 Nov -0001 00:00:00 +0000 http://www.tdaxp.com/archive/2008/01/21/is-austrian-economics-pseudo-science.html#comment-19455 <p>Mark,<br /> <br /> I don't see why we have to dismiss quantitative analysis (economic or otherwise) as long as we retain some sort of Hayekian perspective of our own shortcomings ...</p> Mark,

I don't see why we have to dismiss quantitative analysis (economic or otherwise) as long as we retain some sort of Hayekian perspective of our own shortcomings …

]]> By: Jeffrey James http://www.tdaxp.com/archive/2008/01/21/is-austrian-economics-pseudo-science.html/comment-page-1#comment-19451 Jeffrey James Wed, 30 Nov -0001 00:00:00 +0000 http://www.tdaxp.com/archive/2008/01/21/is-austrian-economics-pseudo-science.html#comment-19451 <p>Can anyone disguise an assertion by saying it in the form of a question?<br /> <br /> :p</p> Can anyone disguise an assertion by saying it in the form of a question?

:p

]]> By: Dan tdaxp http://www.tdaxp.com/archive/2008/01/21/is-austrian-economics-pseudo-science.html/comment-page-1#comment-19452 Dan tdaxp Wed, 30 Nov -0001 00:00:00 +0000 http://www.tdaxp.com/archive/2008/01/21/is-austrian-economics-pseudo-science.html#comment-19452 <p>Sure, but I'm very sympathetic to Austrian economics, so I'm hopeful that the answer is "no"! :-)</p> Sure, but I'm very sympathetic to Austrian economics, so I'm hopeful that the answer is “no”! :-)

]]> By: Mark http://www.tdaxp.com/archive/2008/01/21/is-austrian-economics-pseudo-science.html/comment-page-1#comment-19453 Mark Wed, 30 Nov -0001 00:00:00 +0000 http://www.tdaxp.com/archive/2008/01/21/is-austrian-economics-pseudo-science.html#comment-19453 <p>No economic school is science; economics is an art, as well as investing. If you just use metrics, you get LTCM.<br /> The Austrian school is the one most concerned with freedom, so its my choice.</p> No economic school is science; economics is an art, as well as investing. If you just use metrics, you get LTCM.
The Austrian school is the one most concerned with freedom, so its my choice.

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