Forecasting and Austrian Economics

Note: Below the dash is the text of my 2016 Fall Semester Paper for a Ph.D. class called Theory of the Market Process I. The actual paper file can be downloaded here, and it has some better formatting applied. Forecasting and Austrian Economics John Vandivier ABSTRACT The Austrian School has received criticism for opposition to … Read more Forecasting and Austrian Economics

4 Problems with Austrian Economics

This article outlines 4 problems with Austrian economics. Specifically, I’m arguing with Mises in 3 cases and in with Kirzner in 1. 1 Not all human action is rational Depending on how you slice it, my assertion here could be taken as merely semantic or very serious. I agree that human action as described by … Read more 4 Problems with Austrian Economics

Short Essay Regarding “Economic Coordination within a Mixed Ecology of Enterprises: Erasing a Theoretical Antinomy”

This article is another contribution, after the manner of Vandivier (2016), toward the synthesis of Austrian economics and other modern schools of thought. The paper responded to asserts that a reasonable theory of fiscal catallactics must incorporate sociability and venality. This paper responds that venality can be modeled in a way similar to the modern … Read more Short Essay Regarding “Economic Coordination within a Mixed Ecology of Enterprises: Erasing a Theoretical Antinomy”

The Death of Old Austrianism

This article will argue that much of the Austrian school of economics is not valid, although it may be resuscitated if certain key steps are quickly taken. The fact that it is not falsifiable makes it not scientific, but not necessarily invalid or useless. Philosophy and logic can be used with great power, sometimes with … Read more The Death of Old Austrianism

Healthcare Works in a Free Market

This article will argue that healthcare works just fine on a free market, in contrast to what many mainstream economists seem to think. Let’s start with an outside source. Peter Klein is a big name Austrian and he discusses this subject in a solid video shown below: Key highlights: “Healthcare” is not a useful term … Read more Healthcare Works in a Free Market

Societal Evolution From a Free Market Perspective

Many economists, myself included, believe that a free market optimizes societal growth. As I argue in one of my older YouTube videos I believe this to be more than simply a financial or economic growth, I believe it is a moral optimization process as well. Go ahead and skip toward 10:48: So the idea is … Read more Societal Evolution From a Free Market Perspective

Trading the News and Bitcoin

In mid December I invested in Bitcoins. In the past month they have jumped from #13.3 to $14.2 each in value according to this reliable source. This is not just volatility in my view. It is part of a longer term trend. Why? That’s what this article is about. In foreign exchange, which I have … Read more Trading the News and Bitcoin

ID Is Real Science! (Part 2)

Is ID just Creationism repackaged? This article will address objection #3 on my list of the top 5 objections to ID by Intelligent Design Skeptics. Scroll to the bottom of the linked article, which was the article which kicked off the current series of posts, to read all 5 objections. So to answer the question … Read more ID Is Real Science! (Part 2)