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- Search found 6 items for:
- Philosophy and Methodology
- Peter G. Klein
- 2007
Media Asset
Author:
Peter G. Klein
Online Publish Date:
Delivered at the Mises Institute’s 25th Anniversary Celebration, 13 October 2007, in New York City.
Mises Wire
Author:
Peter G. Klein
Online Publish Date:
The founders of social movements and schools of thought often try to distance themselves from their followers. (Or their later interpreters do this for them). Thus one can ask if Freud was a Freudian, Ricardo a Ricardian, Walras a Walrasian , Keynes a Keynesian (chapter 5 Keynesian? chapter 12 Keynesian?), and so on. What about Marx? Murray
Mises Wire
Author:
Peter G. Klein
Online Publish Date:
Michael Perelman argues that economics is not an objective science, but an ideology, an apologia for capitalism promoted by the mercantile classes and their intellectual vanguard. Richard Vedder says “[a]s neo-Marxist accounts go, this one is far less polemical and hysterical than some, but it still simply does not accord with critical facts.” Of
Mises Wire
Author:
Peter G. Klein
Online Publish Date:
[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
Mises Wire
Author:
Peter G. Klein
Online Publish Date:
Austrian economists argue that individuals’ preferences are relevant to resource allocation only to the extent that they are demonstrated through action . Economics is, after all, about the process by which subjective preferences are converted into objective, observable market phenomena like prices and quantities (see Joe Salerno’s comment here ).