Philosophy and Methodology

Displaying 31 - 40 of 2297

Fail: Quantitative Methods Presume That Human Action Is Reflexive

Philosophy and MethodologyPraxeology

Blog03/21/2020

Quantitative methods can't be applied to human action, which is purposeful and not a mere reflex. For this reason, mathematical formulas can only describe events, never explain them.

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A Fallacy about Negative Externalities

Philosophy and MethodologySubjectivism

Blog03/20/2020

Some people use the concept of negative externalities to argue for government to force people toward "what is best for them." An example of this is the call for a consumption tax.

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Even When They're Wrong, We Can Learn From Understanding Others' Theories

Other Schools of ThoughtPhilosophy and Methodology

Blog03/20/2020

Learning the history of economic thought is important not because every economist has been right, but because we can learn from their mistakes.

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Logic and the Disutility of Labor

Philosophy and MethodologyPraxeology

Blog03/13/2020

Choosing between labor and leisure is not like choosing between apples and oranges. Many people like both kinds of fruit. But labor involves disutility, so a better choice is this: between apples and rotten oranges.

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The Myth of National Guilt

Media and CultureU.S. HistoryPhilosophy and Methodology

Blog03/06/2020

If we insist on "collective" responsibility assigned to entire nations, then we must naturally punish the innocent along with the guilty.

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Popper and the Course of History

Philosophy and Methodology

Blog02/28/2020

Can a scientific law allow us to predict the course of history? Marxists lean in this direction, but Karl Popper says it's impossible. Is he right?

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Mises and the "New Economics"

History of the Austrian School of EconomicsPhilosophy and Methodology

Blog02/24/2020

Economics today poses as a predictive discipline which fails to correctly predict anything; a prescriptive discipline which prescribes the wrong policies; and an empirical discipline which collects data but misses the point.

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Individual Responsibility and Guilt

Philosophy and Methodology

Blog02/21/2020

Susan Neiman contends Southerners need to acknowledge guilt for slavery, segregation, and lynching, and "work off" the past. But collective responsibility is a chimera, and a dangerous one at that.

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Is Free Market Economics Too "Ideological"?

Free MarketsPhilosophy and Methodology

Blog02/20/2020

Free market economics is often ignorantly dismissed for being "ideological" rather than scientific. It probably sounds smart to the economically illiterate, but it is decidedly not.

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Some Problems with Worker Productivity Stats

Philosophy and MethodologyPrices

Blog02/18/2020

Government statistics on worker productivity combine many errors of aggregation such as "average prices" and the total purchasing power of money. So it's unlikely that productivity numbers tell us much that's useful.

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