Thread: General Politics Keynesian Job Program / Stimulus Plan
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Old 02-06-2012, 01:56 PM   #45
JohnnyV13 JohnnyV13 is offline
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Quote:
Originally Posted by BucEyedPea View Post
Keynesianism = religion

Freedom = what the Revolution was fought for

If the latter is a religion, then I'll have me some of that as opposed to a religion of the state.
You are such a pathetic loser for neg repping me because I pointed out what is so obviously true. Something that is ENTIRELY obvious if you read Rothbard, Mises, Mises.org and LewRockwell.com

1) Rothbard, as you well know, brags about how he has fused ethics, economics, sociology and poly-sci into a unified discipline. THe mises site also lauds Rothbard as a intellectual pioneer for this "achievement".

2) Multiple Austrian writers also brag about their "a priori" method as the only intellectually sound method for economic analysis. The keystone of "a priori" analysis are initial premises that are indisputibly true...e.g Mises' concept of "Human Action" premised with "Man Acts" as its point of departure.

If your school of thought includes both ethics and a priori analysis, you have a religion.

That is why talking to an Austrian is like talking to someone who believes in Papal Infallibility. Whatever they say is simply not falsifiable by any method.

That is why Keynsianism is a social science while Austrian economics is a religion. Keynesianism is at least (theoretically) falsifiable because it uses statistical analysis. In practice, given the limitations on social experimentation, data collection, and the difficulty of economic modelling, Keynsians CAN almost justify any of their theories with existing data (even to the point where their theories lack falsifiability. But, at least they recognize the possibility that they could be wrong).

Yet, Austrian analysis crosses the line because once someone accepts an indisputably true premise, you cannot argue with them. Their arguments are simply a matter of faith. This reality is buttressed by an Austrian's absolute insistence that economic data does not matter with respect to the truth of their analysis (unless, of course, the data validates their analysis, in which case it becomes wonderful data). When push comes to shove, an Austrian will discount the data if it challenges one of their infallible truths.

To put it in the most simple terms, with Austrianism: Theory --> data --> hypothesis. In social science, you have a 3 step process....Hypothesis --> data collection --> theory


Austrianism is a philosophy. But, I suppose, that is too much self-knowlege for you. However, I should not have expected anything different from a person of low character.

Last edited by JohnnyV13; 02-06-2012 at 03:26 PM..
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