43 ms·

And very ideologically biased...

by taw55 9y ago

greggyb 9y ago
And yet presents a framework of analysis that is objective and a case study in the application of bias to an objective technique. The lesson of the book is more than the ideology of its author. It is hubris or naivete in the extreme to assume that someone you disagree with has nothing valuable to say.
- taw55 9y ago
  Austrian economics is not "objective".
  - atemerev 9y ago
    What subjectivity is in it?
  - greggyb 9y ago
    > > It is hubris or naivete in the extreme to assume that someone you disagree with has nothing valuable to say. You think you disagree with me, and you clearly disagree with Austrian economics. Yet, with less than one page's worth of reading, you can identify the core lesson of the book, excerpted below. That the author then applies this lesson in ways you find objectionable is no judgment on the lesson itself. Chapter 1, Paragraph 1: While certain public policies would in the long run benefit everybody, other policies would benefit one group only at the expense of all other groups. The group that would benefit by such policies, having such a direct interest in them, will argue for them plausibly and persistently. Chapter 1, Paragraph 2: there is a second main factor that spawns new economic fallacies every day. This is the persistent tendency of men to see only the immediate effects of a given policy, or its effects only on a special group, and to neglect to inquire what the long-run effects of that policy will be not only on that special group but on all groups. It is the fallacy of overlooking secondary consequences. In case you feel any desire to actually engage with the ideas of the book, it can be read for free, in full, here: https://www.mises.org/library/economics-one-lesson https://www.mises.org/library/economics-one-lesson
atemerev 9y ago
Logic is not ideologically biased. Universal basic income is also ideologically biased (in the other direction); however, it has this fine distinction that it is actually technically impossible. Even retirement schemes are falling all over the world; UBI is 10-20 times more expensive.

And very ideologically biased...

by taw55 9y ago

And very ideologically biased...

And yet presents a framework of analysis that is objective and a case study in the application of bias to an objective technique. The lesson of the book is more than the ideology of its author. It is hubris or naivete in the extreme to assume that someone you disagree with has nothing valuable to say.

taw55 9y ago
Austrian economics is not "objective".
- atemerev 9y ago
  What subjectivity is in it?
- greggyb 9y ago
  > > It is hubris or naivete in the extreme to assume that someone you disagree with has nothing valuable to say. You think you disagree with me, and you clearly disagree with Austrian economics. Yet, with less than one page's worth of reading, you can identify the core lesson of the book, excerpted below. That the author then applies this lesson in ways you find objectionable is no judgment on the lesson itself. Chapter 1, Paragraph 1: While certain public policies would in the long run benefit everybody, other policies would benefit one group only at the expense of all other groups. The group that would benefit by such policies, having such a direct interest in them, will argue for them plausibly and persistently. Chapter 1, Paragraph 2: there is a second main factor that spawns new economic fallacies every day. This is the persistent tendency of men to see only the immediate effects of a given policy, or its effects only on a special group, and to neglect to inquire what the long-run effects of that policy will be not only on that special group but on all groups. It is the fallacy of overlooking secondary consequences. In case you feel any desire to actually engage with the ideas of the book, it can be read for free, in full, here: https://www.mises.org/library/economics-one-lesson https://www.mises.org/library/economics-one-lesson

atemerev 9y ago

Logic is not ideologically biased. Universal basic income is also ideologically biased (in the other direction); however, it has this fine distinction that it is actually technically impossible. Even retirement schemes are falling all over the world; UBI is 10-20 times more expensive.