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Austrian Critiques of Mathematics and Econometrics

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newcomer posted on Thu, Jan 13 2011 9:53 PM

I'm really interested in reading more critiques of mathematical economics and econometrics, so I'm hoping you guys can recommend some stuff.  I'm particularly interested in free materials, since I'm unemployed and can't afford to buy books right now.  Thanks in advance.  

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Mises his 'Human Action' has a section 'mathematical economics'. It's for free on the website. :)

Other suggestions will be given, but really: all you need is Mises. 

The state is not the enemy. The idea of the state is. 

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yup... Mises is my god and Human Action is my bible.....

My Blog: http://www.anarchico.net/

Production is 'anarchistic' - Ludwig von Mises

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Try this interview with Israel Kirzner, the whole thing is interesting but he specifically deals with the mathamatics issue between 53 minutes 4 seconds and 57 minutes 35 seconds.

Link

(Also you might want to save the file to hardrive rather then playing it in the browser its just easier)

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xahrx replied on Fri, Jan 14 2011 7:46 AM

Simon Kuznetz sounded some cautionary notes about the mathematical approach even though he was neck deep in its development.  It might interest you to read some of his stuff even though he's not Austrian.

"I was just in the bathroom getting ready to leave the house, if you must know, and a sudden wave of admiration for the cotton swab came over me." - Anonymous
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Simon Kuznetz sounded some cautionary notes about the mathematical approach even though he was neck deep in its development.  It might interest you to read some of his stuff even though he's not Austrian.

Any specific recommendations?  

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Other suggestions will be given, but really: all you need is Mises. 

So, let me get this straight, Mises was right about every development in econometrics and mathematical economics over the past century? Even though he was dead for the majority of it? Nice...

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Esuric replied on Sat, Jan 15 2011 7:51 AM

So, let me get this straight, Mises was right about every development in econometrics and mathematical economics over the past century? Even though he was dead for the majority of it? Nice...

Mises was working until 1969 and I believe he died in 72.

"If we wish to preserve a free society, it is essential that we recognize that the desirability of a particular object is not sufficient justification for the use of coercion."

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