Category Archives: Philosophy of Science

I Love This Video! — Economics is NOT a science like physics & astronomy

I would just add: economics IS a science, like Darwinian biology, global brain theory, and other essentially complex sciences.

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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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AUDIO — GROUP THINK IN SCIENCE

Russ Roberts chats with Freeman Dyson.

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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.

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Bruce Caldwell has joined the Advisory Board of the Institute for New Economic Thinking

An excellent and appropriate choice.  Congratulations to Bruce.

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More Caldwell at the Soros Conference

On the problem of theory selection in economics: I was initially attracted to Hayek not for his politics or his view on markets, but for what he had to say about the limitations of economics. Hayek developed his ideas about … Continue reading

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