Quote from: bubblesort on March 23, 2013, 11:21:56 PM

I generally don't care much about Austrian economics. Hayek's praxelology is witch doctor stuff compared to the empiricism of serious, mainstream economics. Calling me a 'Keynsian' is as crazy as intelligent design believers calling rational people 'Darwinists'. That might play well with people who already agree with you but it's still just silly political jargon. I'm a 'Keynseian' as much as believing in gravity makes me a 'Newtonian', LOL.

Bubblesort I missed this. It was very interesting to me when I discovered the Bayesian approach to statistics and Austrian approach to economics separately, then later found out many people behind both during the 20th century were in the same "clubs". In my opinion modern "empirical" science may be way off track due to ignoring assumptions that are impossible to assess, etc. Empiricism under uncertainty isn't so useful, so the uncertainty gets ignored to get funding/support.