Re:A New Way to Learn Economics
by clarkmoody on Tuesday September 12, 2017 @12:26AM
(#15224818)
Indeed, the book explains how Austrian economics does not use the scientific method at all, since the conclusions are derived from fundamental axioms.
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So Austrian economics is just like communism in that it doesn't let facts get in the way of a good ideology.
Re:A New Way to Learn Economics
by IslaDeEncanta on Tuesday September 12, 2017 @10:01AM
(#15227304)
Actually, communism is a materialist tradition, meaning that most of Marx's works were critiques of idealist nonsense like Austrian Economics.