fixed! :)
Austrian economics: worse than expected -- Review of Democracy, the God that failed (Hoppe) http://emilkirkegaard.dk/en/?p=6836
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(linguists defense: Danish changes non-initial /p/ to /b/, which is a very bad habit for using other languages that doesn't!)
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Silly pedantic review.
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Don't use Twitter as a blog. If you find yourself wanted to do >3 tweets, then use a blog instead.
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Tweeting appeases my impulses for instant gratification tho
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I'm sure the guy was familiar enough with formal systems. It doesn't take ample brainpower to pass a Logic 101 course.
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A key percept of Austrian methodology is precisely the rejection of superfluous and potentially misleading formalism.
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Economics is not math, nor does it need to be treated as such.
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It is. Fine if he's lacking background context for the concepts here (I wouldn't have started with Hoppe). But at least acknowledge this.
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Praxeology is understood to be something heuristical, not empirical; in Mises' day the tools for quantifying this weren't present.
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Dressing it up symbolically would be pretentiously obfuscatory.
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It's useful as a heuristical framework, and I don't see it as trying to pretend to be anything else.
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The converse applies too—symbolic formalism can contort thinking into submission to reductive biases.
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Not saying that symbolism is pointless. Just that for something as complex as economic phenomena tend to be, I'm skeptical of its merit.
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I'm sure praxeology can be codified as such—if someone wishes to, there's nothing stopping them. But I suspect it'd be fairly limited.
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For good Austrian stuff, read GMU people, not Mises Institute people
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Oh jeez. Speaking as a sympathist of Austrian econ, Hoppe is an utter loon. Not a lot of value in the Rothbardian wing of things.
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