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Key methodological differences between Austrians were highlighted in Milton Friedman's "The Methodology of Positive Economics." A key piece of conflict: Friedman's focus on prediction rather than explanation.
Original Article: "Milton Friedman's Methodological Mistake"
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
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Otsi kanali Audio Mises Wire viimaseid osasid.
MUUD EPISOOD SELLES PODCASTIS
What makes a nation? Is it simply a collection of ideals or does it depend upon one’s lineage, and “blood and soil”? In reality, nations are complex creations where both ideals and ties to the land are important.
Original article: https://mises.org/mises-wire/debating-proposition-nation
Nathan Cofnas exposed a major fraud in elite British academics. For that, prosecutors want to put him in prison because the academic left prefers fantasy to the truth.
Original article: https://mises.org/mises-wire/unjust-prosecution-nathan-cofnas
Although they never actually accomplished it, one of the worst things the Keynesians did was convince some people that they had refuted Say's law of markets.
Original article: https://mises.org/mises-daily/lord-keynes-and-says-law
Many have misstated Say’s Law for years. J. M. Keynes incorrectly attributed a concept to Say that he did not hold: “supply creates its own demand.” Even the great Thomas Sowell restated this error.
Original article: https://mises.org/mises-wire/strawman-wont-die-says-law-hoover-institution
While we should not fear mass unemployment from AI, it is true that some jobs will be displaced, including many BS jobs.
Original article: https://mises.org/mises-wire/ai-will-cut-bs-jobs
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