-- Ludwig von Mises, Human Action: A Treatise on Economics, 692 (rev'd ed. 1966)
At 07:34 AM 11/2/2010, you wrote:
Economics (all of it).....Too Much "theory".... not enough factual--
empirical verification....after all, it is a Social Science... there
are "humans" imvolved.... Free will... at work... it isn.t like a
strict inanimate chemical reaction, say... where t you have
certifiable and expected cause and effect relations under similar
circumstances, every time...... Human reactions (Social Sciences,
Economincs, et al) are more Action-Reaction, where human input
interjects a "choice" (even if limited) in both the Actiuon and the
Reaction....long strory short... my observation... Keynes , Smith,
Marx...Joe Shmo..; whoever... when it comes to economic theory....
it's always a crapshoot as to what the "result" will be....if the
carrot doesn't work... take out the stick.... if stimulus money
doesn't work.... the fat-cats just "pocket" their profits... then tax
the shit out of the greedy crumb-bums....empirical verification....
On Nov 1, 11:10 pm, dick thompson <[email protected]> wrote:
> g
> j http://althouse.blogspot.com/2010/11/obama-keynesian-sign-makes-rally ...
--
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