Re:10 years of whatever this has been
by int_19h on Thursday November 18, 2021 @03:43AM
(#29263422)
Austrian economics is crackpot by definition because it's based on "praxeology", which explicitly rejects the scientific method.
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Re:10 years of whatever this has been
by oceanghost on Friday November 19, 2021 @01:14AM
(#29274362)
How do you define "praxeology"? My recollection from reading Human Action is it was only defined as "The study of human action."-- which could be scientific or might not be.
Re:10 years of whatever this has been
by adamknott on Wednesday December 01, 2021 @12:29PM
(#29406534)
More specifically, as Mises conceives it, it is the study of the UNIVERSAL aspects of human action.
As used by the Austrian school, at least, it explicitly rejects empiricism, and uses deduction instead (from premises that are essentially taken for granted).
Re:10 years of whatever this has been
by oceanghost on Saturday November 20, 2021 @01:19AM
(#29286005)
I will accept that.
But, I don't think it proves anything.
The scientific method is not an exclusive means to seek truth. Science has only one job-- to make testable predictions. It does not inform us about anything else.
You're essentially arguing "Falsus in uno, falsus in omnibus" because of an inherently illogical belief that only science can arrive at truth.
Rejecting empiricism means rejecting the very notion that one can make testable predictions, though. If that is rejected, what is the point of economics, even?
Re:10 years of whatever this has been
by dragonwriter on Wednesday December 01, 2021 @12:46PM
(#29406764)
Austrian economics is essentially a deductive theology; the purpose is to work out the more detailed/complex implications of the basic axioms (both descriptive and, more importantly, prescriptive) that it assumes.