Deductivism — the original sin in mainstream economics Mathematics, especially through the work of David Hilbert, became increasingly conceived as a practice concerned with formulating systems comprising sets of axioms and their deductive consequences, with these systems in effect taking on a life of their own … The emergence of the axiomatic method removed at a stroke various hitherto insurmountable constraints facing those who would mathematise the...
Read More »What we do in life echoes in eternity
What we do in life echoes in eternity In science, courage is to follow the motto of enlightenment and Kant’s dictum — Sapere Aude! To use your own understanding, having the courage to think for yourself and question ‘received opinion’, authority or orthodoxy. In our daily lives, courage is a capability to confront fear, as when in front of the powerful and mighty, not to step back, but stand up for one’s rights not to be humiliated or abused. Courage is...
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Read More »The main ideas behind bootstrapping (student stuff)
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Read More »Paul Krugman’s gadget version of Keynesianism
Paul Krugman’s gadget version of Keynesianism Paul Krugman has often been criticized by people like yours truly for getting things pretty wrong on the economics of John Maynard Keynes. When Krugman has responded to the critique, by himself rather gratuitously portrayed as about “What Keynes Really Meant,” the overall conclusion is — “Krugman Doesn’t Care.” Responding to a post up here on this blog, Krugman writes: Surely we don’t want to do economics via...
Read More »Sail away
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Read More »Propensity score matching vs. regression (student stuff)
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Read More »Wittgensteins Sprachphilosophie — der Fliege den Ausweg aus dem Fliegenglas zeigen
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Read More »La cancel culture
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