Krugman rips von Mises up one side & down the other

[Listening]

You'd go out for lunch w/ him to pick his brain & you know it

Pick his brain? For what material for stand up comedy?

Literally pick his brain (if you can find it).

I'll send the pick.

 

[TakeAStepBack]

Dotcom is a fucking moron now on ignore. I don't have time for this level of stupid.

 

[Kevin_Kennedy]

This board deserves a better class of troll.

 

[Dot Com]

Ludwig von Mises - RationalWiki

From here, Mises goes into how awesome completely laissez faire market policy is, gold buggery, and other typical Austrian hijinks. However, sane students of economics probably closed the book way back at the point when Mises declared his "theories" unfalsifiable.

 

[Dot Com]

sounds like another Ayn Rand type :yawn:

Ludwig von Mises - RationalWiki

Ludwig von Mises is the patron saint of the Austrian school of economics, although not the actual founder of the school (that would be Carl Menger). He is revered as one of the chief gods of libertarianism for developing the Austrian method of praxeology, which he described as a 'general theory of human action'[1] Mises has had an immense amount of influence on libertarian thought and was greatly admired by the likes of F.A. Hayek, Ayn Rand and Murray Rothbard.

His brother Richard Von Mises was a real scientist and doing actually philosophically important work in developing an early definition for randomness. Obviously, they didn't get along.

Don't people outgrow this in the early 20's like they outgrow Ayn Rand?

 

[Dot Com]

Speaking of Ayn Rand (Greenspan & Ryan are disciples):

Ayn Rand - RationalWiki

Ayn Rand was a Soviet-American atheist, the author of vast doorstop-sized tomes like Atlas Shrugged and the ripped-off biography The Fountainhead, and other thick, boring books espousing, essentially, psychotic libertarian themes and ideology.

 

[dblack]

Dispatching rw economists in his spare time: like shootin' fish in a barrell

http://krugman.blogs.nytimes.com/20...Opinion&action=Click&pgtype=Blogs&region=Body

Ludwig von Mises - Wikipedia, the free encyclopedia

Economic historian Bruce Caldwell writes that in the mid-20th century, with the ascendance of positivism and Keynesianism, Mises came to be regarded by many as the "archetypal 'unscientific' economist." In a 1957 review of his book The Anti-Capitalistic Mentality, The Economist said of von Mises: "Professor von Mises has a splendid analytical mind and an admirable passion for liberty; but as a student of human nature he is worse than null and as a debater he is of Hyde Park standard." Conservative commentator Whittaker Chambers published a similarly negative review of that book in the National Review, stating that Mises's thesis that anti-capitalist sentiment was rooted in "envy" epitomized "know-nothing conservatism" at its "know-nothingest."

Whittaker Chambers also dispatched Ayn Rand's scrivenings as well

Darn!

 

[bripat9643]

Ludwig von Mises - RationalWiki

From here, Mises goes into how awesome completely laissez faire market policy is, gold buggery, and other typical Austrian hijinks. However, sane students of economics probably closed the book way back at the point when Mises declared his "theories" unfalsifiable.

The name "rationalWiki" is intended to be sarcastic, isn't it?

 

[EdwardBaiamonte]

Speaking of Ayn Rand (Greenspan & Ryan are disciples):

Ayn Rand - RationalWiki

Ayn Rand was a Soviet-American atheist, the author of vast doorstop-sized tomes like Atlas Shrugged and the ripped-off biography The Fountainhead, and other thick, boring books espousing, essentially, psychotic libertarian themes and ideology.

sadly for you they were essentially the same themes of freedom from lib commie govt our Founders had in mind when they wrote the Constitution to, in effect, make libcommunism illegal in America.

 

[Dot Com]

I already told EdwardBaiamante that this thread was above his IQ

 

[Kevin_Kennedy]

I already told EdwardBaiamante that this thread was above his IQ

The funny thing is you didn't. You'd think somebody with an IQ fetish might have been able to differentiate between two different threads, despite the fact that both threads were pitiful attempts at trolling the exact same subject.

Can we all stop encouraging him now?

 

[Dot Com]

Ever since Mises, Austrians have overused the economic calculation argument. In the absence of detailed empirical evidence showing that this particular problem is the most important one, it is just another argument out of hundreds on the list of arguments against socialism. How do we know that the problem of work effort, or innovation, or the underground economy, or any number of other problems were not more important than the calculation problem?

Why I Am Not an Austrian Economist

 

[EdwardBaiamonte]

I already told EdwardBaiamante that this thread was above his IQ

please provide your evidence or admit as a typical liberal you cant defend what you say. Thanks

 

[JWBooth]

Dispatching rw economists in his spare time: like shootin' fish in a barrell

http://krugman.blogs.nytimes.com/20...Opinion&action=Click&pgtype=Blogs&region=Body

Ludwig von Mises - Wikipedia, the free encyclopedia

Economic historian Bruce Caldwell writes that in the mid-20th century, with the ascendance of positivism and Keynesianism, Mises came to be regarded by many as the "archetypal 'unscientific' economist." In a 1957 review of his book The Anti-Capitalistic Mentality, The Economist said of von Mises: "Professor von Mises has a splendid analytical mind and an admirable passion for liberty; but as a student of human nature he is worse than null and as a debater he is of Hyde Park standard." Conservative commentator Whittaker Chambers published a similarly negative review of that book in the National Review, stating that Mises's thesis that anti-capitalist sentiment was rooted in "envy" epitomized "know-nothing conservatism" at its "know-nothingest."

Whittaker Chambers also dispatched Ayn Rand's scrivenings as well

Krugman is an unremarkable parrot of Keynes, and wouldn't make a pimple on von Mises's ass.

 

[JWBooth]

I already told EdwardBaiamante that this thread was above his IQ

Not a particularly high hurdle....Dottie had to limbo under it.

 

[EdwardBaiamonte]

Dispatching rw economists in his spare time: like shootin' fish in a barrell

http://krugman.blogs.nytimes.com/20...Opinion&action=Click&pgtype=Blogs&region=Body

Ludwig von Mises - Wikipedia, the free encyclopedia

Economic historian Bruce Caldwell writes that in the mid-20th century, with the ascendance of positivism and Keynesianism, Mises came to be regarded by many as the "archetypal 'unscientific' economist." In a 1957 review of his book The Anti-Capitalistic Mentality, The Economist said of von Mises: "Professor von Mises has a splendid analytical mind and an admirable passion for liberty; but as a student of human nature he is worse than null and as a debater he is of Hyde Park standard." Conservative commentator Whittaker Chambers published a similarly negative review of that book in the National Review, stating that Mises's thesis that anti-capitalist sentiment was rooted in "envy" epitomized "know-nothing conservatism" at its "know-nothingest."

Whittaker Chambers also dispatched Ayn Rand's scrivenings as well

Krugman is an unremarkable parrot of Keynes, and wouldn't make a pimple on von Mises's ass.

Yes Krugman and Keynes offer the quintessential free lunch of all time. All you gotta do is tax and spend your way to an ever growing economy!!

Here's Keynes in the coming 15 hour work week


the 15 hour work week



"For many ages to come the old Adam will be so strong in us that everybody will need to do some work if he is to be contented. We shall do more things for ourselves than is usual with the rich to-day, only too glad to have small duties and tasks and routines. But beyond this, we shall endeavour to spread the bread thin on the butter-to make what work there is still to be done to be as widely shared as possible. Three-hour shifts or a fifteen-hour week may put off the problem for a great while. For three hours a day is quite enough to satisfy the old Adam in most of us! " jm Keynes

 

[Shanty]

Dispatching rw economists in his spare time: like shootin' fish in a barrell

http://krugman.blogs.nytimes.com/20...Opinion&action=Click&pgtype=Blogs&region=Body

Ludwig von Mises - Wikipedia, the free encyclopedia
Whittaker Chambers also dispatched Ayn Rand's scrivenings as well

Krugman is an unremarkable parrot of Keynes, and wouldn't make a pimple on von Mises's ass.

Yes Krugman and Keynes offer the quintessential free lunch of all time. All you gotta do is tax and spend your way to an ever growing economy!!

Here's Keynes in the coming 15 hour work week


the 15 hour work week



"For many ages to come the old Adam will be so strong in us that everybody will need to do some work if he is to be contented. We shall do more things for ourselves than is usual with the rich to-day, only too glad to have small duties and tasks and routines. But beyond this, we shall endeavour to spread the bread thin on the butter-to make what work there is still to be done to be as widely shared as possible. Three-hour shifts or a fifteen-hour week may put off the problem for a great while. For three hours a day is quite enough to satisfy the old Adam in most of us! " jm Keynes

First, you don't seem to understand anything about economics. You should read some Econ 101, or take a class at a community college. It might help you to not get bogged down in the logical fallacies that Austrian School cultists get sucked into. You have to start at the beginning to get the basics down, before arguing up to the levels you want to.

And Keynes was merely musing that the automation that was starting to show up in the economy during his lifetime, the faster movement of people and goods, and the faster information, might end up reducing work hours from the sunrise to sunset sort of economy that most people were engaged in throughout the industrialized world, until unions brought better working conditions and made laws ending child labor and setting overtime after a set amount of hours was reached in a day or week.

Just recently, a billionaire, probably doodling at a desk worth more than your house, decided three twelve hour shifts should be sufficient for the workweek. It's easy for him to say that, as his wife and he have the means to send the nanny to watch the kids' baseball games, and have the limousine driver cart them around. But, having owned a business, and not being wildly wealthy, I know that there are some problems with his thinking. First is that productivity falls after 8-10 hours on the job. Second is the fact that wags are far too low in the US for many people to afford the cut back in hours. Third is that people have kids and other responsibilities that a three day workweek may not allow them to be able to keep up (like daycare, time after school for kids, etc.)

Anyway, Keynes destroyed Mises' and Hayek's arguments back in the 1930s. Austrian School hasn't contributed much of any economic knowledge to the world. It simply would wreak havoc in world markets, and its adherents have to jump back and forth from one side of an issue to another side of an issue, to avoid admitting they are wrong. Noah Smith showed the light weight intellectual thinking that Austrian School adherents use to defend their positions.
Noahpinion: Austrianism, wrong? Inconceivable!

 

[Dot Com]

Krugman is an unremarkable parrot of Keynes, and wouldn't make a pimple on von Mises's ass.

Yes Krugman and Keynes offer the quintessential free lunch of all time. All you gotta do is tax and spend your way to an ever growing economy!!

Here's Keynes in the coming 15 hour work week


the 15 hour work week



"For many ages to come the old Adam will be so strong in us that everybody will need to do some work if he is to be contented. We shall do more things for ourselves than is usual with the rich to-day, only too glad to have small duties and tasks and routines. But beyond this, we shall endeavour to spread the bread thin on the butter-to make what work there is still to be done to be as widely shared as possible. Three-hour shifts or a fifteen-hour week may put off the problem for a great while. For three hours a day is quite enough to satisfy the old Adam in most of us! " jm Keynes

First, you don't seem to understand anything about economics. You should read some Econ 101, or take a class at a community college. It might help you to not get bogged down in the logical fallacies that Austrian School cultists get sucked into. You have to start at the beginning to get the basics down, before arguing up to the levels you want to.

And Keynes was merely musing that the automation that was starting to show up in the economy during his lifetime, the faster movement of people and goods, and the faster information, might end up reducing work hours from the sunrise to sunset sort of economy that most people were engaged in throughout the industrialized world, until unions brought better working conditions and made laws ending child labor and setting overtime after a set amount of hours was reached in a day or week.

Just recently, a billionaire, probably doodling at a desk worth more than your house, decided three twelve hour shifts should be sufficient for the workweek. It's easy for him to say that, as his wife and he have the means to send the nanny to watch the kids' baseball games, and have the limousine driver cart them around. But, having owned a business, and not being wildly wealthy, I know that there are some problems with his thinking. First is that productivity falls after 8-10 hours on the job. Second is the fact that wags are far too low in the US for many people to afford the cut back in hours. Third is that people have kids and other responsibilities that a three day workweek may not allow them to be able to keep up (like daycare, time after school for kids, etc.)

Anyway, Keynes destroyed Mises' and Hayek's arguments back in the 1930s. Austrian School hasn't contributed much of any economic knowledge to the world. It simply would wreak havoc in world markets, and its adherents have to jump back and forth from one side of an issue to another side of an issue, to avoid admitting they are wrong. Noah Smith showed the light weight intellectual thinking that Austrian School adherents use to defend their positions.
Noahpinion: Austrianism, wrong? Inconceivable!

^ that

[MENTION=11774]Kevin_Kennedy[/MENTION]

 

[CrusaderFrank]

Krugman's ideas come with a 100% Fail Guarantee and they have a long track record to back it up

 

[Kevin_Kennedy]

Yes Krugman and Keynes offer the quintessential free lunch of all time. All you gotta do is tax and spend your way to an ever growing economy!!

Here's Keynes in the coming 15 hour work week


the 15 hour work week



"For many ages to come the old Adam will be so strong in us that everybody will need to do some work if he is to be contented. We shall do more things for ourselves than is usual with the rich to-day, only too glad to have small duties and tasks and routines. But beyond this, we shall endeavour to spread the bread thin on the butter-to make what work there is still to be done to be as widely shared as possible. Three-hour shifts or a fifteen-hour week may put off the problem for a great while. For three hours a day is quite enough to satisfy the old Adam in most of us! " jm Keynes

First, you don't seem to understand anything about economics. You should read some Econ 101, or take a class at a community college. It might help you to not get bogged down in the logical fallacies that Austrian School cultists get sucked into. You have to start at the beginning to get the basics down, before arguing up to the levels you want to.

And Keynes was merely musing that the automation that was starting to show up in the economy during his lifetime, the faster movement of people and goods, and the faster information, might end up reducing work hours from the sunrise to sunset sort of economy that most people were engaged in throughout the industrialized world, until unions brought better working conditions and made laws ending child labor and setting overtime after a set amount of hours was reached in a day or week.

Just recently, a billionaire, probably doodling at a desk worth more than your house, decided three twelve hour shifts should be sufficient for the workweek. It's easy for him to say that, as his wife and he have the means to send the nanny to watch the kids' baseball games, and have the limousine driver cart them around. But, having owned a business, and not being wildly wealthy, I know that there are some problems with his thinking. First is that productivity falls after 8-10 hours on the job. Second is the fact that wags are far too low in the US for many people to afford the cut back in hours. Third is that people have kids and other responsibilities that a three day workweek may not allow them to be able to keep up (like daycare, time after school for kids, etc.)

Anyway, Keynes destroyed Mises' and Hayek's arguments back in the 1930s. Austrian School hasn't contributed much of any economic knowledge to the world. It simply would wreak havoc in world markets, and its adherents have to jump back and forth from one side of an issue to another side of an issue, to avoid admitting they are wrong. Noah Smith showed the light weight intellectual thinking that Austrian School adherents use to defend their positions.
Noahpinion: Austrianism, wrong? Inconceivable!

^ that

[MENTION=11774]Kevin_Kennedy[/MENTION]

Has nothing to do with anything I've said. Way to piggy back off of other posters though, since you can't make a coherent point yourself.