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Post by brandt on Jan 16, 2012 8:20:41 GMT 10
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Post by Tamrin on Jan 16, 2012 8:52:32 GMT 10
I suggest the Austrian School is to Economics what Objectivism is to Philosophy and what Evolutionary Psychology is to Psychology.
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Post by brandt on Jan 16, 2012 10:17:36 GMT 10
Can you demonstrate the superiority of the Keynesian approach? I would have thought that you would have fully supported "As Austrian economist Jeffrey Herbener has noted 'there are no statistical characteristics to human behavior. It is purposeful rather than random, and changeable rather than constant."
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Post by Tamrin on Jan 16, 2012 12:43:54 GMT 10
Can you demonstrate the superiority of the Keynesian approach? Australia's recovery from the GFC.
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Post by Tamrin on Jan 16, 2012 12:45:27 GMT 10
there are no statistical characteristics to human behavior. I guess he just put most economists, statisticians and sociologists out of their jobs!? As Émile Durkheim found in his seminal study of suicide, people do not act to achieve statistics but rather in accordance with personal motives. Even so, overall their behaviour is statistically predictable.
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Post by brandt on Jan 16, 2012 13:52:45 GMT 10
Can you demonstrate the superiority of the Keynesian approach? Australia's recovery from the GFC. Keep the jet fueled, this isn't over yet. If we accept Australia as an example all it would take is one example of failure to dispense with the Keynesian approach correct?
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Post by brandt on Jan 16, 2012 13:53:39 GMT 10
there are no statistical characteristics to human behavior. I guess he just put most economists, statisticians and sociologists out of their jobs!? As Émile Durkheim found in his seminal study of suicide, people do not act to achieve statistics but rather in accordance with personal motives. Even so, overall their behaviour is statistically predictable. Though statistics means little to the individual over a population proper statistical analysis is predictive. I am glad that he didn't put me out of job.
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Post by Tamrin on Jan 16, 2012 17:55:46 GMT 10
Keep the jet fueled, this isn't over yet. If we accept Australia as an example all it would take is one example of failure to dispense with the Keynesian approach correct? You need to survive the short run to still be around for the long run. The long run is a misleading guide to current affairs. In the long run we are all dead
John Maynard Keynes
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Post by brandt on Jan 17, 2012 1:04:49 GMT 10
The long run (on a long enough time line) always ends in death. Sure, some things were done to keep the ship of nation afloat. Those will have to be paid for. We can tighten the belt and pay for it or turn on the printing press and make more of it.
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