17 Jan
2014
17 Jan
'14
3:08 a.m.
Tim Josling wrote:
> .......................snip
>
> I have studied Austrian economics as well as the other types. The
> Austrians don't seem any more silly than the others (though that is
> not saying much).
>
>
> If you judge experts by
> a) ability to make predictions that turn out to be right
> b) ability to explain things that otherwise make no sense
> c) ability to design things that work
> d) ability to fix problems,
> the economics discipline as a whole is an epic fail
Tim I quite agree;
but would you agree the fundamental problem is a failure to accept,
the necessary constraints of objective falsifiability.
Two of which would be :
- abandonment of value judgements
-operational definitions of terms;
regards Rohan McLeod