Category Archives: Phil of Econ

My Challenge to Stephen Williamson

Posted on April 13, 2011 by Greg Ransom

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 on March 27, 2011 by Greg Ransom

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

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

Posted on March 24, 2011 by Greg Ransom

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

Posted on March 20, 2011 by Greg Ransom

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

Posted on February 28, 2011 by Greg Ransom

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

Posted on April 29, 2010 by Greg Ransom

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