2 ms·
I enjoyed this article because it provided a level-headed and analytical critique of a topic that is mired in politically charged emotion. For example, section
by throwawayjava 8y ago
I enjoyed this article because it provided a level-headed and analytical critique of a topic that is mired in politically charged emotion.
For example, sections 2.1 and 2.2 resonated with me because, as a mathematician, because I can plainly see how the algebraic structure chosen by Rothbard for representing utility is going to severely impact the reasonableness of his models.
There are several other compelling examples, where anyone who has done a bit of mathematical modeling can see that the neoclassical school of thought is simply providing better tools for achieving the desired outcomes.