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Today I Learned@lemmy.world · 9 days ago

Today I learned that the Austrian School of Economics, on which our current economic models are based, is not itself based on empiricism and in fact argues that it should not be based on empiric

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Today I learned that the Austrian School of Economics, on which our current economic models are based, is not itself based on empiricism and in fact argues that it should not be based on empiric

Kat@isno.wales to

Today I Learned@lemmy.world · 9 days ago

@til Today I learned that the Austrian School of Economics, on which our current economic models are based, is not itself based on empiricism and in fact argues that it should not be based on empiric studies at all but on thought experiments. https://en.wikipedia.org/wiki/Praxeology#Austrian_economics

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Blue_Morpho@lemmy.world
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9 days ago
Current systems aren’t based on Australian but incorporate ideas that have proven useful or correct like Opportunity Cost.
- FluidBeef@quokk.au
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  G’day boys.
- kambusha@sh.itjust.works
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  - Blue_Morpho@lemmy.world
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    Argh!
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      9 days ago
      Damn autocorrect
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  Stfu, I want to be mad and blame the world /s

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