Economics Questions

Re: Austrian Critiques of Mathematics and Econometrics

Esuric — Sat, 15 Jan 2011 14:51:37 GMT

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.

Re: Austrian Critiques of Mathematics and Econometrics

EconomistInTraining — Sat, 15 Jan 2011 14:40:16 GMT

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...

Re: Austrian Critiques of Mathematics and Econometrics

newcomer — Sat, 15 Jan 2011 04:08:16 GMT

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?

Re: Austrian Critiques of Mathematics and Econometrics

xahrx — Fri, 14 Jan 2011 14:46:20 GMT

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.

Re: Austrian Critiques of Mathematics and Econometrics

Faustus — Fri, 14 Jan 2011 14:03:51 GMT

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)

Re: Austrian Critiques of Mathematics and Econometrics

Isaac "Izzy" Marmolejo — Fri, 14 Jan 2011 05:31:39 GMT

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

Re: Austrian Critiques of Mathematics and Econometrics

AdrianHealey — Fri, 14 Jan 2011 04:54:23 GMT

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.

Austrian Critiques of Mathematics and Econometrics

newcomer — Fri, 14 Jan 2011 04:53:09 GMT

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.