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George Giles

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71 years old
Right Here
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17 Posts
85 Points

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My Bio

George Giles (your humble narrator) was the youngest Republican elected in the Great State of Indiana. I was elected in May of 1972 as precinct committeeman at the tender age of 17. You could be elected in Indiana if you were of legal voting age by election day (Nov. 7, 1972 so I made it by 19 days). After drawing water from that pyrrhic well I became a Libertarian to whose philosophy I have remained faithful to. I have spent the intervening year studying the works of the master Ludwig von Mises.

My career since 1984  has been spent in applied mathematics, advanced robotics, artificial intelligence and computer system design. I recognized that von Mises had correctly identified economics as a qualitative science. It says what will happen, not when. Only Austrian Theory correctly identified the impending financial meltdown in progress. I started talking about the inevitability of the mess privately in 2003, and publicly in 2006. I have been regular contributor to LRC since 2006. I try to focus on the abuse of technology in etatism which seeks to legitimize the imperial state via science. The same rock that marxism broke up on between 1917 and 1993 leading to the death of more than 100 million precious souls. These writings can be found here.

Studying von Mises led me to recognize that mainstream economics, in the embrace of econometrics, had gone wildly astray. My professional work in differential geometry familiarized me with the tools currently in vogue: Topology on Riemannian manifolds. This is a serious abuse of this tool as economics behavior, human action, is always discrete, and thus no concept of continuity. Graph theory, combinatorics and functional integration are the proper tools for this work. I seek to present this in this blog for commentary but professional and amateur Austrian economists.

Res Ipsa Loquitur

Announcements

  • Fri, Mar 12 2010
  • Quantitative Austrian Econometrics

    I have read much of Ludwig von Mises work. He and I both agree that Austrian Theory is a qualitative theory. It says what will happen, not when or how much. The when and how much have been serious sources of consternation among econometricians. My formal training has been in mathematical physics and as a result of this I bring a different perspective that I plan to detail on the von Mises community. What I plan to lay out is a model that will demonstrate quantitatively why Austrian Theory is qualitative and to demonstrate that global econometrics is now and always beyond reach becuase of the inherentt lack of data. No matter how much data is collected it will never be enough.

    Please read on and enjoy the ride, it will be entertaining.

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