According to the Austrians, economic theories cannot be proved or disproved based on empirical evidence but rather through deduction based on irrefutable axioms. So my question to you, as humans utilizing the little time we have on this world to strive for truth, is what sort of empirical evidence w…

If I noticed that AE’s theories and predictions were constantly upended, it would make me think that I had not reasoned correctly. It is difficult to give you an exact moment when I would finally go back to the chalk board, but the fact that AE is not contradicted by reality makes it an academic poi…

Why not ask yourself and most others a similar question? What would it take for you to be convinced that the law of the excluded middle is incorrect?

I’m no hardcore Austrian; personally, I think it is more important to question the models used in evidence presented than outright reject them. For example, I usually reject GDP as evidence of anything other than economic activity. Many people treat it as a measure of economic growth, which it isn’t…

“I can’t possibly be the only frequenter of these forums that struggles with this sort of thing, so my question stands: what would have to happen in the physical world to shake your faith in the correctness of established Austrian economic theory?” - Alex M You’re not the only one. I’ve simply deci…

"This thread of mine might be of interest, especially the first , second , and fifth post." - I. Ryan When we encounter that much justification for something which is relatively simple in my field and hobbies, we call it wanking. Arguing over definitions is suitable for a PHI class, not that it isn’t…

If one could demonstrate we existed in a situation where the praxeological concepts did not apply, then Austrian economics would be meaningless (though not thereby false). That’s about it.

What a ridiculous comment. Did you not even read what I linked to?

how many triangles will you need to measure before you believe a certain theory about the sum of the angles?

[image] Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1974 The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1974 was awarded jointly to Gunnar Myrdal and Friedrich August von Hayek "for their pioneering work in the theory of money and ec…

What sort of empirical evidence would it take to contradict Austrian economics?

Economics Economics Questions

I_Ryan May 4, 2010, 2:24pm 6

This thread of mine might be of interest, especially the first, second, and fifth post.

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What sort of empirical evidence would it take to contradict Austrian economics?

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