Nonpraxeological Schools of Thought

Nonpraxeological schools of thought mistakenly believe that relationships between certain events are well-established empirical laws when they are really necessary and logical praxeological ones. And they thereby behave as if the statement “a ball cannot be red and nonred all over at the same time” requires testing in Europe, America, Africa, Asia, and Australia (of course requiring a lot of funds in order to pay for such daring nonsensical research).

Keynes vs. Say

Keynes’s “greatest achievement,” according to his admirers, was his famous “refutation” of Say’s law of markets. All that it is necessary to say about this “refutation” has already been said by Benjamin M.