Good Rothbard Quote
apropos nothing: from here:
"There is a myth that all Austrians are generalists. General instincts are fine, but they are not enough to sustain a school. A body of thought stands or falls on its practitioners ability to master the technical issues in particular fields. It's what distinguishes dilettantes, hobbyists, and amateur philosophers from engaged economists. I have little patience for people who want to reconstruct Austrian economics from the ground up, but then can't explain, in praxeological terms, the law of demand, much less give an account of the regression theorem."
Comments (2)
As usual, Rothbard is right on the mark with this comment. Part of the problem is that some if not many "Austrians" do not adhere to the praxiological method in the first place.
Published: January 26, 2005 8:28 AM
"Part of the problem is that some if not many "Austrians" do not adhere to the praxiological method in the first place." And one has a problem spelling praxeological. Although it's a weak defense, at least the term is not in my Word spellcheck.
Published: January 26, 2005 10:09 AM