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
Posted in Phil of Econ, Philosophy of Mind, Philosophy of Science
Comments Off
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
Posted in math econ, Phil of Econ
Comments Off
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
