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Indeed, the book explains how Austrian economics does not use the scientific method at all, since the conclusions are derived from fundamental axioms.
by clarkmoody 9y ago
Indeed, the book explains how Austrian economics does not use the scientific method at all, since the conclusions are derived from fundamental axioms.
- arethuza 9y agoSo Austrian economics is just like communism in that it doesn't let facts get in the way of a good ideology.
- IslaDeEncanta 9y agoActually, communism is a materialist tradition, meaning that most of Marx's works were critiques of idealist nonsense like Austrian Economics.