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No, they don't say that the market is perfect. And if you want a cult, that's the current keynesian economics. Anyway, I don't see any way around not using mat
by Findeton 1y ago
No, they don't say that the market is perfect. And if you want a cult, that's the current keynesian economics.
Anyway, I don't see any way around not using math. Because value is subjective and that means it's a ranking system of preferences, not based in nominal values.
- Zigurd 1y agoNo true Austrian Schools economist...
- cyberax 1y agoYou can mathematically analyze subjective rankings. That's not at all a problem for model building. What makes the Austrian economics "school" a cult is not the complexity of models. It's their rejection of models altogether and a refusal to make testable predictions.