How is Austrian economics any different than theology?
>>1212864
Theology has to be consistent with a known and knowable set of documents.
Theology doesn't want to turn society into an free-market fundamentalist heaven.
>>1212864
You don't get to see the big red monster Kane teach it.
>>1212864
Theology is a respectable area of study.
Isn't it slightly more inconvenient for the Jews and that's why it's better?
>>1212917
>Slightly more inconvenient for the Jews
Literally every single Austrian economist is a Jew.
It's even more Jewish than Judaism.
>>1212864
This would instill a bit of rage on /pol/ but sadly I think everyone on /his/ agrees that its psuedoscience at best, cult at worst.
How is that not the case for marxshit?
>>1212864
I wish the quote was taken instead of sliced up
"Praxeology is a theoretical and systematic, not a historical, science. Its scope is human action as such, irrespective of all environmental, accidental, and individual circumstances of the concrete acts. Its cognition is purely formal and general without reference to the material content and the particular features of the actual case. It aims at knowledge valid for all instances in which the conditions exactly correspond to those implied in its assumptions and inferences. Its statements and propositions are not derived from experience. They are, like those of logic and mathematics, a priori. They are not subject to verification or falsification on the ground of experience and facts"
- Ludwig von Mises, Human Action: A Treatise on Economics
I'm no supporter of Austrian School Economics but at least place the quote in full breath. Litterally slicing out the part about being "a priori" is taking the quote out of context and making a strawman/false explaination of praxeology.
Mises meant that Praxeology is a form of deductive reasoning. Bullshit deductive reasoning but still a form of deductive reasoning.
>>1213082
Since the recent Libertarian Party debate, /pol/ hates libertarians even more than liberals or leftists
>>1213115
This guy obviously hasn't kept up with contemporary logic and mathematics.
>>1213117
Libertarian want open borders free movement of cheap labor
>>1213112
>How is that not the case for marxshit?
Marxism proposes that external social reality is the test for theory?
Keynesian Economics is a cult.
>>1213127
This didn't help either
https://www.youtube.com/watch?v=Q_toYr_Hcdo
>>1212864
Theology is interested in actual human behavior.
>>1213112
Marxism bases its economic views in terms material relationships and historical analysis. It's decisively an a posteriori way to look at things.
>>1213121
I cannot tell if you're being sarcastic or not. So I cannot tell if you're insulting my comment or insulting "modern debate" by people just throwing half assed memes at each other.
>>1213140
There is no such thing as Keynesian economics.
This is just what Austrian maniacs call mainstream economics.
>>1213117
>they finally hate libertians now
Now I can finally be an authoritarian theocratic mad man on /pol/ again?
>>1213169
Yeah, you will have a lot less hate. /pol/ and libertarianism are forever done with each other, it' over
>>1213155
Mainstream Economics is a combination of Neoclassical methods and Keynesian Macro Economic approach. You're an idiot.
>>1213181
Finally, I can be the upper right corner of the 4 square thing once again and not get bullied.
>>1213205
I think that's their preferred square now, so congratulations.
>>1213239
Yeah, they've aligned with Russian politics
>>1213145
lmao
>>1213239
>tfw now they'll bully me for having a different personality thing on the MBTI scale
ENTP master race
>>1212926
Mises? Hayek?
You seem to be retarded friend.
>>1213375
Literally can also mean figuratively.
>>1213380
That statement is correct only if literally can mean "not".
>>1213129
Only so far as the inevitable end-point of Capitalist society is Marxism. In that context, they can "prove" their theory right regardless of external reality.
>Socialism got JUST-ed by Capitalism by implementing some social programs into the system
>its influence has massively decreased globally, even China can't be called Marxist
Austrian Economics as it is today, in terms of it's embodied concept in academia, generally does use mathematics and empirics. they just de-emphasize them. What Mises and Menger were doing was to create kind of an economics formal science, one with basic propositions and rules that we know a priori and can be extended to explain economic phenomena.
>>1212864
Theology is not based on deductive reasoning with axiomatic premises.
And usually it does not present practical solutions to anything.
In this respect also differ greatly from Keynesianism, which usually also offer practical solutions.
If your goal is to create a perpetual cycle of debt and inflation, of course.
>>1213117
They've hated libertarians for at least a year now. Just not racist enough for them
Daily reminder that nothing of value consists of only knowledge by sense perception.
Daily reminder that empiricism and logical positivism was blown the fuck out literally 80+ years ago.
Daily reminder that anyone who thinks science isn't based on reason and reason alone is a retarded and should fuck off.
>>1216611
That and libertarians are extremely socially liberal.
>>1216596
>le keynesian inflation meme
i bet you've never taken an economics course.
>>1216649
le meme arrows instead of responding to criticism.
Mises was against using mathematics in economics because the mathematics available was so poor, it was almost a waste of time. Walras' or Marshall's equilibrium models were available to Mises at the time. He saw how painfully wrong static equilibrium analysis was and so tried to create an economics of deductive reasoning. Hayek would later "drop out" of economics and become an intellectual, mostly driven by his distrust of strict mathematical analysis. His, and all of the so called "Austrian school" are correct to point out the flaws in using 19th centruy mathematics well into the 20th century (and still being taught to undergraduates in the form of the supply-demand meme cross) however, they are wrong to argue that all mathematical analysis is futile in and of itself. The failure of economics is that for the past 200 years we have been obsessed with studying an equilibrium that is never reached. Undergrads are taught that the economy moves between a series of static equilibria. The comedy reached mammoth proportions in the early 20th cent when the U.S.S.R and the U.S.A both used static equilibrium analysis to justify (both correctly) free trade and state socialism.
"Austrian Economics" is a negation, just as socialism is a negation. It is not constructive, it just criticizes the neo-classicals. The future of economics must be constructive. Build a new theory, in the spirit of Keynes (without the arrogance of belonging to a world superpower). But build one that is humble, understands our limitations, and more importantly, models the market as what it is: a nonlinear dynamical system in disequilibrium, rather than a linear static system in equilibrium.
Also, economists should be trying to solve the problem of debt.
>>1216682
Y'know, it is almost as if an analysis has to precede from the laws of motion of capital in its constant return to crises.
Just sayin'.
>>1212864
Theology is generally logically consistent within its own framework.
>>1213152
a posteriori way to look at things that is based on a priori structure of analysis
>>1216884
All language games are based on a priori assumptions at a structural level. Marx's chief assumption is that social subsistence precedes social being.
>>1212864
Theology provided us with knowledge.
>>1213375
>>1213380
>>1213412
>Von Mises and Von Hayek were both kicked out of austria for being jews..
they were born into the Austrian Aristocracy, and got butthurt when (Post ww1) austria said 'fuck that", and tried democracy (which led to fascism under Dollfuss(a manlet who was really close with Mussolini), who the Nazi's assassinated.
After the Nazi's took over, Von Mises and Hayek (who lost his title, and didn't bother changing his name to get it back when he moved to the US) fled to the UK or US, and started ranting how everything was better when it worked according to the free market system they grew up with in the 19th century.
>>1216980
Nice fanfic.
Funny point though: Hayek discarded his title around the time he started publishing in English, probably to downplay the connection he might have to German culture (it was during the war).
>he fell for the full employment meme
>>1219004
>he fell for the uninterrupted consumption meme
>>1219010
>he fell for the I don't understand what the consumption function is but I'll shitpost anyway meme
>>1212916
>Theology is a respectable area of study.
>>1219004
>he fell for the we can predict human behavior based on anterior statistical correlation meme
>>1219042
That's the joke.
>>1219036
enlighten me?
I'm of the belief that production must follow consumption as closely as possible to avoid waste. But what if a market for something disappears and then reappears a decade later, after the firms it belongs to have been cut and bled. Don't they then have to pay a second time to re-enter these markets? Isn't that entry fee into a market something that most firms do their best to avoid or pad?
Isn't the whole point of advertisements to manipulate markets so that firms don't have to shut down and reopen production lines at their own expense? Aside from branding and widening their own markets, the exorbitant amount of money that gets put into marketing must be outweighed to some degree by that.
>>1219066
>Isn't the whole point of advertisements to manipulate markets so that firms don't have to shut down and reopen production lines at their own expense? Aside from branding and widening their own markets, the exorbitant amount of money that gets put into marketing must be outweighed to some degree by that.
I don't understand how you got from the first point to that.
>>1219071
I was working within the larger theme that production should follow consumption to avoid unnecessary costs. Thus, because of some if its intended benefits, advertisement justifies the belief that mass production is reliant on continuous mass consumption. Because it is used to both expand markets, and keep them open to consumption.
I admit it was a leap, but I was trying to be brief.
