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Strategies & Market Trends : Free Float Trading/ Portfolio Development/ Index Stategies

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From: dvdw©	5/16/2011 8:10:42 AM
	of 3821

Daily Speculations contributor Stefan Jovanovich, recently had a link to this essay where this outtake is part " The correlation between aggregate demand and total employment, for instance, may only be approximate, but as it is the only one on which we have quantitative data, it is accepted as the only causal connection that counts. On this standard there may thus well exist better "scientific" evidence for a false theory, which will be accepted because it is more "scientific", than for a valid explanation, which is rejected because there is no sufficient quantitative evidence for it." The full essay entitled The Pretence of Knowledge, has often been referred to by Ahhaha in the many years he's hosted his thread, as one who teaches others to find the awareness about moving from chaos to organized complexity.. nobelprize.org The full essay is highly recommended for everyone. I was so happy to have reviewed it again. Hayek is true master, who does not settle for terminal logics as an end all, but as utility, bearing steps into complexity.

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