Murray provided more than several lifetimes of meaningful information. You would think that in the near future there will be absolutely no excuse for economic ignorance.
For more information go to my website.
To earn a Masters Degree in Divine Economy Theory go here.
Go here to read about MACRO & MICRO Economics Renewed.
Thursday, January 21, 2010
Saturday, January 16, 2010
What Will Change Macroeconomics For the Better?
How can macroeconomics remain in its obsolescent condition when such brilliance is one click away!
Every sincere student of macroeconomics can educate their professors methodically and with modesty by having a scientific conversation with them and by writing about the interconnectedness and rationality of capital-based macroeconomics in their assignments.
For more information go to my website.
To earn a Masters Degree in Divine Economy Theory go here.
Go here to read about MACRO & MICRO Economics Renewed.
Every sincere student of macroeconomics can educate their professors methodically and with modesty by having a scientific conversation with them and by writing about the interconnectedness and rationality of capital-based macroeconomics in their assignments.
For more information go to my website.
To earn a Masters Degree in Divine Economy Theory go here.
Go here to read about MACRO & MICRO Economics Renewed.
Saturday, January 2, 2010
Price Comparisons And Understanding Inflation.
The belief that these static data have any meaning individually or in the aggregate is a perfect example of the flawed mentality of an empiricist.
The belief that laying out the data across the whole spectrum of goods and services creates a comprehensive picture is nothing but an example of the fallacy of Walrasian empiricism.
So combine the meaninglessness of empirically derived data with more meaningless data (but more encompassing) and poof! two wrongs make a right!
Economic history - comparing a price today versus its counterpart from days past - may be interesting but it is not to be confused with economic science.
The truth that shines out from this evaluation is that the data used by these so-called 'economists' require ego-driven interpretation to serve their object, which is ego-driven intervention. At whatever stage in this vain and imaginary process - interpretation or intervention - empiricism is wholly unscientific.
Contrast that with the pure science of real human action. No interpretation or intervention necessary!
Counterfeiting the currency causes the purchasing power to decrease - inflation!
For more information go to my website.
To earn a Masters Degree in Divine Economy Theory go here.
Go here to read about MACRO & MICRO Economics Renewed.
The belief that laying out the data across the whole spectrum of goods and services creates a comprehensive picture is nothing but an example of the fallacy of Walrasian empiricism.
So combine the meaninglessness of empirically derived data with more meaningless data (but more encompassing) and poof! two wrongs make a right!
Economic history - comparing a price today versus its counterpart from days past - may be interesting but it is not to be confused with economic science.
The truth that shines out from this evaluation is that the data used by these so-called 'economists' require ego-driven interpretation to serve their object, which is ego-driven intervention. At whatever stage in this vain and imaginary process - interpretation or intervention - empiricism is wholly unscientific.
Contrast that with the pure science of real human action. No interpretation or intervention necessary!
Counterfeiting the currency causes the purchasing power to decrease - inflation!
For more information go to my website.
To earn a Masters Degree in Divine Economy Theory go here.
Go here to read about MACRO & MICRO Economics Renewed.
Friday, January 1, 2010
The Market Is Not Unfathomable.
"We must allow the market to detect and rectify its own errors."
How revolutionary is this simple statement! To the ill-educated who cannot fathom the market as the means of communication but who comes to partially understand the role of entrepreneurs, the solution will be to try to create pseudo-entrepreneurs. In fact that is very similar to what exists already with the empiricists and ego-driven interventionists trying to perceive what is going on in the economy and then imposing some contrived scheme.
The essence then is that the ill-educated cannot fathom the market. The fact of the matter is that no one can; but that the Austrian economists understand that the market is a process in disequilibrium that reflects human action, making it a wellspring of information.
For more information go to my website.
To earn a Masters Degree in Divine Economy Theory go here.
Go here to read about MACRO & MICRO Economics Renewed.
How revolutionary is this simple statement! To the ill-educated who cannot fathom the market as the means of communication but who comes to partially understand the role of entrepreneurs, the solution will be to try to create pseudo-entrepreneurs. In fact that is very similar to what exists already with the empiricists and ego-driven interventionists trying to perceive what is going on in the economy and then imposing some contrived scheme.
The essence then is that the ill-educated cannot fathom the market. The fact of the matter is that no one can; but that the Austrian economists understand that the market is a process in disequilibrium that reflects human action, making it a wellspring of information.
For more information go to my website.
To earn a Masters Degree in Divine Economy Theory go here.
Go here to read about MACRO & MICRO Economics Renewed.
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