Category Archives: Philosophy

You won’t see me dealing with the Austrian School of economics much on this blog. I wrote a long essay on them before and I think it says almost as much as needs to be said; namely, that the Austrians … Continue reading →

Matias Vernengo has a very interesting post on the long-run and the short-run in economics. As he says, the long-run and short-run are just thought experiments (he calls them “methodological tools”). So, the long-run is an imagined period when all … Continue reading →

Lars Syll just ran a rather amusing quote from a handbook on mathematical statistics in which the author — a mathematical statistician — lays out all the cop-out arguments used by those who apply these methods in a dubious manner … Continue reading →

There’s a funny point on which almost all economists that I’ve come across agree upon — from neoclassical to Marxian to Post-Keynesian. And that is that something which they call “nihilism” must be avoided at all costs. Let us first … Continue reading →

Say what you will, this problem is going to play an important role in modern philosophy because repetition is a decisive expression for what ‘recollection’ was for the Greeks. Just as they taught that all knowledge is recollection, thus will … Continue reading →

No one could be more frank, more painstaking, more free from subjective bias or parti pris than Professor Tinbergen. There is no one, therefore, so far as human qualities go, whom it would be safer to trust with black magic. … Continue reading →