Category Archives: Phil of Econ

My Challenge to Stephen Williamson

I’m not able to post this on Stephen Williamson’s New Monetarist Economics blog. So I’ll post it here. Stephen Williamson writes: “If it’s a good economic idea, and correct, you have to be able to do the math.” Here’s my … Continue reading

Posted in Phil of Econ | 7 Comments

VIDEO — JAMES BUCHANAN & F. A. HAYEK DISCUSS THE LIMITS OF ECONOMICS

Posted in Phil of Econ, Scientism, Video | 3 Comments

BOOK: The Foundations of Evolutionary Economics by Carsten Herrmann-Pillathn

From Chapter One, “Ontology”: Evolution is emerging as a central theoretical term bridging mainstream and heterodox economics. This points towards the naturalization of economics.  However, in spite of the adherence to physicalist models in mainstream economics, it remains essentially a … Continue reading

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ELEGANT MATH VS FIELD RESEARCH — GUESS WHICH DOMINATES IN THE SCIENCE OF ECONOMICS

Economists are increasingly behaving a bit more like real scientists — such as biologists — in leaving their computer screens and going into the world doing field research. It’s a giant throwback to the research tradition of non-economist Ronald Coase, … Continue reading

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HAYEK & MISES — COMPARE & CONTRAST

Richard Ebeling and I have an extended discussion in the comments section of a post by Steve Horwitz, hashing out the commonalities shared by Friedrich Hayek and Ludwig Mises — and the differences which distinguish the work of each economist.

Posted in Mises, Phil of Econ, Philosophy of Science | Comments Off

YouTube — William White, Bruce Caldwell, Alex Leijonhufvud & Tony Lawson at the Soros Conference

Hayekian economists confront the economics profession at the inaugural conference of The Institute for New Economic Theory at Cambridge: William White’s written paper is here. Bruce Caldwell’s written text is here. (Note that Caldwell misrepresents Hayek’s economics when he claims … Continue reading

Posted in Bruce Caldwell, Phil of Econ, William White | Comments Off