Category: Economics, Finance, and Political Economy

—“RE: BUT A PLANNER CANNOT KNOW WHICH RAILROAD IS ECONOMICALLY EFFICIENT TO BUILD”— (Responding only because some well intentioned fool ‘liked’ your reply) That’s false. Because all differences in economic productivity are reducible to time. Calculation is possible. The problem is competition that determines price, not the method by which price is calculated. You know, I have been working on this problem only since about 2001, and I know that Russo-Ukrainian Libertarianism was abandoned by intellectuals relatively quickly, but it’s still surprising that these nonsense arguments still persist. Mises was irrelevant. Rothbard was wrong. Hoppe took rothbard and restated it in the justificationary nonsense of Kant and the Marxists.But we’ve left behind justificationism along with it’s source – scripture. Science is exclusively falsifications: Darwinian.The real insights of Mises, Rothbard,and Hoppe are obscured.. …by pseudoscientific propaganda. We solve social science in a century when no one else did: Mises discovered operationalism in economics, rothbard and hoppe reduced all social science to reciprocity (property), and it is possible to construct a formal logic of LAW. Yet those who had a direct connection to rothbard or rand are still grasping at straws of rationalist falsehood. Science is complete. Philosophy is relegated to preference and good. And justification went the way of scripture. Just how it is. They only got it half right.