10 years of whatever this has been

Re:10 years of whatever this has been by int_19h on Friday November 19, 2021 @05:36PM (#29283511)

As used by the Austrian school, at least, it explicitly rejects empiricism, and uses deduction instead (from premises that are essentially taken for granted).

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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.

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Re:10 years of whatever this has been by int_19h on Monday November 22, 2021 @06:55PM (#29313048)

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?

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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.

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