The Importance of Epistemology in Devising An Objective Morality

In a previous article, I laid out a framework for how one to understand the concept of an objective morality, as well as suggesting a strategy for adequately defining its boundaries and inferring principles therefore. Though this may work as a starting point, however, there's still much left to be considered and discussed to even … Continue reading The Importance of Epistemology in Devising An Objective Morality

Metrics vs People in Economic Analysis

Metrics are created to establish quantifiable ways to determine certain trends, be they positive, negative, or neutral. As far as the metrics appropriately signal what they're intended to represent, they may be quite useful to a certain extent, but unless one is conscious of their limitations, they can be "cheated" and accordingly become misleading indicators. … Continue reading Metrics vs People in Economic Analysis

The Epistemology of Mathematical Economics and the Austrian Critique

Table of Contents Introduction Reflections on Epistemology The Epistemology of Mathematics From Physics to Economics Economic Thought Before Econometrics The Origins of Econometrics William Petty Leon Walras Methodenstreite: The Austrians vs. the Prussian Historical School Caveats in Economic Statistics GDP CPI Other metrics Causation or Correlation? Are Economic Equations Really Necessary? What is the Purpose … Continue reading The Epistemology of Mathematical Economics and the Austrian Critique