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- Calculation and Knowledge
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- Peter G. Klein
Mises Wire
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Peter G. Klein
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[Cross-posted at Organizations and Markets ] Austrian economists eschew empirical analysis in favor of deductive, a priori reasoning. They don’t believe in prediction . Neoclassical economists, by contrast, endorse the “scientific method” of rigorous empirical testing. You know that, right? Then you might be surprised to learn that Carl Menger