All Posts Tagged With: "economic science"
The Anatomy of Economic Advice, Part III
In the first article of this trilogy we explored some of the ambiguities and difficulties that surround the very idea of “economic advice” based on economic science. In the second article we set forth some of the basic foundations of economic science (with special reference to what the science can teach us about what we called the “benign” character of the spontaneous market process).
1Oct2006 | Israel M. Kirzner | 0 comments | ContinuedThe Anatomy of Economic Advice, Part II
How can positive science (consisting entirely of “is” statements) be translated into “ought” statements within the framework of economic understanding? In the first part of this series we drew attention to some of the paradoxes surrounding economic advice.
1Sep2006 | Israel M. Kirzner | 0 comments | ContinuedThe Anatomy of Economic Advice, Part I
As is the case with virtually all branches of human knowledge, economic knowledge and understanding are valued not only (or even primarily) for their own sake, but for their usefulness in practical terms. The enormous sums expended each year on economic research and economic education certainly would not be forthcoming if it were not expected that such research and education could help promote wise policies leading to prosperity and economic well-being.
1Aug2006 | Israel M. Kirzner | 1 comment | ContinuedFortune-Cookie Economics
It is little wonder that some economists want to be perceived as having fortune-telling abilities. After all, history and literature are full of examples of revered and exalted prophets and oracles. So we can understand why many economists sit up straight, clear their throats, look us right in the eye, and foretell next year’s change [...]
1Jun2004 | Arthur E. Foulkes | 0 comments | ContinuedThe Nature and Significance of Economic Education
For many years I have been fascinated by what at first glance seems a paradoxical feature in Ludwig von Mises’s attitude to the economics he taught. I believe that this seeming paradox in the life and work of my revered teacher can provide us with the key to understanding the role of economic education (and, [...]
1Oct1998 | Israel M. Kirzner | 0 comments | Continued-
The Latest
Contraception: Insuring the Uninsurable
Update below. Controversy rages over the Obama administration’s mandate that all employers – including... Read More
The Snow Plowers’ Petition
The following might have happened in a small college town in upstate New York… In a cold and snowy... Read More
Super Bowl versus Education?
In the spirit of Super Bowl weekend I’d like to deconstruct a Facebook status update that a friend... Read More
Capitalism, Corporatism, and the Freed Market
When a front-running presidential contender tells the country that thanks to Barack Obama, “[w]e are... Read More
Creating Jobs versus Creating Value
Picking on New York Times columnist Paul Krugman is one of the largest participation sports on the Internet.... Read More
