3 ms·
The Mises quote is completely anti-science: > But the main fact is that there are no constant relations. > Economics is not, as ignorant positivists repeat ag
by stuaxo 8y ago
The Mises quote is completely anti-science:
> But the main fact is that there are no constant relations.
> Economics is not, as ignorant positivists repeat again and
> again, backward because it is not "quantitative."
> It is not quantitative because there are no constants.
> Statistical figures referring to economic events are historical data. They tell us what happened in a nonrepeatable historical case.[27]
- andrenth 8y agoIt doesn’t strike me as anti-science, more like anti bad science? If you can’t reliably reproduce an experiment, you can’t make statistical inference from it. The reproducibility crisis in the humanities is very well known.
- notahacker 8y agoMises' argument was that even a systematic pattern of results in economics should always be understood as merely a set of discrete observations dependent on historical context and unobservable phenomena and therefore no valid conclusions could be reached from induction, not even falsification of a claim.