4 ms·
Long and interesting read, still working through it. He has numerous logical errors and he fails at refuting any of Mises’ arguments so far in my reading. Perha
by rajacombinator 8y ago
Long and interesting read, still working through it. He has numerous logical errors and he fails at refuting any of Mises’ arguments so far in my reading. Perhaps Mises and his followers have not been able to construct as elaborate machinery as the neoclassicalists, perhaps it is not possible. Either way it doesn’t matter, policy and action should and do follow moral (or immoral) principles. Modern economic theory is just the theology justifying it.