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WHAT THE GREATEST MIND OF THE 20th CENTURY SAID ABOUT ECONOMICS


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:tup:http://www.barnstable.k12.ma.us/bhs/SocStud/documents/SocialismAlbertEinstein.pdf:tup:

note: you can google the title, click on the first link then read it in a better format

Let me google that for you

 

 

I'm a huge fan of this guy:notworthy.

One of the most profoundest thinkers of all time.

 

Read it (as econ students it should at least "interest" you)!

Let me know what you think... no arguing though lets keep it nice.

 

Opinions only.

B-man

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Appeal to authority as logical fallacy

A (fallacious) appeal to authority argument has the basic form:

  1. A makes claim B;
  2. there is something positive about A,
  3. therefore claim B is true.

The first statement is called a 'factual claim' and is the pivot point of much debate. The last statement is referred to as an 'inferential claim' and represents the reasoning process. There are two types of inferential claim, explicit and implicit.

Arguments that (fallaciously) rely on the objectionable aspects of the source for the truth (usually falsity) of the conclusion are described as ad hominem arguments.

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I agree completely. That is exactly what this is.

 

Now I don't want to start an argument. But I will posit that the use of rationalism or (and) empiricism are equally claims to authority. The importance of the effects of special relativity on observer objectivity is after all one of Einsteins principle contributions to science.

 

:D

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My answer: Fatal Conceit (by F. A. Hayek)
Cool. I've heard of that one but am not familiar with it. Judging from the Wikipedia article on it though, I don't think I'd like it (as I disagree with most of its central arguements/defenses, and apparently so does Einstein according to his positions in this article). But thanks for sharing your opinion.
At least he called Economics a Science. That makes me happy :>)
Coming from Einstein, that would be quite the compliment! However, I interpreted the second paragraph a bit differently. He seemed to separate "economic science" from other sciences, perhaps through an arguably false dichotomy though. I did think it was interesting/important that he did reference "economic science" and then provide his opinion its science-ness.
You mean this thread isn't an April Fool's Day joke?
No Sorry... that would have been good though. Hows this:
. Haha... ridiculous.
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I must have missed something but how is empiricism an appeal to authority? Isn't that called the Scientific Method?

(Since must of my comments seem to piss people off let me state that I am not being a smartass it is a genuine question)

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I must have missed something but how is empiricism an appeal to authority? Isn't that called the Scientific Method?

(Since must of my comments seem to piss people off let me state that I am not being a smartass it is a genuine question)

 

No problem, perfectly reasonable question. I'm having a beer (its friday:p), so I'll quote someone else to answer you. If your interested or still confused let me know later and I'll reply more concretely. Personally, I'm always surprised at how few of today's economists consider epistemology.

 

"In order to form experiences, Empiricism makes especial use of the form of Analysis. In the impression of sense we have a concrete of many elements, the several attributes of which we are expected to peel off one by one, like the skins of an onion. In thus dismembering the thing, it is understood that we disintegrate and take to pieces these attributes which have coalesced, and add nothing but our own act of disintegration. Yet analysis is the process from the immediacy of sensation to thought: those attributes, which the object analysed contains in union, acquire the form of universality by being separated. Empiricism therefore labours under a delusion, if it supposes that, while analysing the objects, it leaves them as they were: it really transforms the concrete into an abstract."

 

-Hegel, Encyclopedia of the Philosophical Sciences... Logic

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