No, “Big Data” Can’t Predict the Future
We've been told that with enough data, we can use sophisticated computing methods to predict the future. That often works with the physical sciences, but predicting human action is something else altogether.
We've been told that with enough data, we can use sophisticated computing methods to predict the future. That often works with the physical sciences, but predicting human action is something else altogether.
In this paper, a “praxeology of coercion,” or, more precisely, an analysis of interpersonal actions involving threats, is developed. This is an attempt to further the analysis of human action as defined by Mises.
Never published before, this short essay about Ludwig von Mises by his personal assistant, Bettina Bien Greaves, outlines what it was about Mises's creativity and scholarship that made him truly unique.
Can Austrian economics explain selfless love?
Recorded at the Mises Institute in Auburn, Alabama, on 20 July 2015.
The Rothbard Graduate Seminar provides an intense study of Misesian and Rothbardian economic analysis, along with the substantive conclusions of that research in related fields.
This paper provides an outline of politics, and argues that elements of an a priori theory of politics can be found in the writings of Austrian school scholars, although they have not yet been grouped under a specific field.
We’re now in the world of negative interest rates, and Mises’s insights about human action are the key to understanding the implications of t
We're now in the world of negative interest rates, and Mises’s insights about human action are the key to understanding the implications of this, and in understanding the impossibility of a negative “natural” or “originary” interest rate.