Heinz Blasnik- Views You Can Use Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Heinz Blasnik- Views You Can Use

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: GraceZ who wrote (2406)	6/11/2003 2:01:12 PM
From: yard_man	Read Replies (1) of 4905

>>The whole problem is that many of these things were written without the rigor << I strongly disagree. Mises constructed a very good, logically consistent conceptual framework for economics. Read the entirey of Human Action. Mises was very rigorous in his approach because he started at the beginning -- what do you think rigor is?? Is it embodied in econometrics?? Is it numerical in nature?? what do you mean by rigor?? A long winded opinionated historical treatise ... Mises was very good at setting out the abstractions that he used and took great pains to examine where said abstractions broke down. You simply won't find that in many of the writings today -- assumptions are built upon other assumptions -- with no examination of them -- like you -- many just accept the thesis that a constant money supply == panics and crashes without having thought these things through. One of the biggest mistakes Mises dwells on and by golly, he is right, is that folks want to approach economics as though it were a physical science and not a social science. With economics -- the examination of actions and choices -- the approach has to be different, to be rigorous.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next