Discover and read the best of Twitter Threads about #Praxeology
Most recents (2)
@Breedlove22 @JasonPLowery Straight out of the bat; 1st principles approach to human action does NOT = applying physics to it. At all. Positivist/empiricist/unscientific/scientistic *nonsense*.
So not a 1st principles approach at all. Epistemologically wrong from the get to!
#Praxeology > physics.
So not a 1st principles approach at all. Epistemologically wrong from the get to!
#Praxeology > physics.
@Breedlove22 @JasonPLowery #JasonJarHead: "Physics actually works unlike economics".
Holy shit, tell me you don't know anything about #praxeology (LOGIC & SCIENCE OF HUMAN ACTION) in one sentence & that is what you'd say.
Only 6min & the methodological approach is already clearly an unassailable fail ❌.
Holy shit, tell me you don't know anything about #praxeology (LOGIC & SCIENCE OF HUMAN ACTION) in one sentence & that is what you'd say.
Only 6min & the methodological approach is already clearly an unassailable fail ❌.
@Breedlove22 @JasonPLowery Giving the benefit of the d re: "no constants" BL indicates this but doesn't grok that its no: "constant relations between various magnitudes". Image 1 indicates the 'constant'.
Lowery's comments showcases his profound ignorance of the Austrian School (i.e. economics proper).
Lowery's comments showcases his profound ignorance of the Austrian School (i.e. economics proper).
Have you ever heard it said that wealthy countries should prioritise reducing #inequality over growing the economy?
The 2009 book #TheSpiritLevel makes perhaps the most influential argument for that position.
But it is badly flawed.
This thread explains why. 👇
1/9
The 2009 book #TheSpiritLevel makes perhaps the most influential argument for that position.
But it is badly flawed.
This thread explains why. 👇
1/9
#TheSpiritLevel argues that income inequality leads to a range of bad social outcomes concerning life expectancy, obesity, mental health, homicide and child mortality.
They draw on data from 23 of the world's 50 richest countries to show convincing-looking correlations 👇
2/9
They draw on data from 23 of the world's 50 richest countries to show convincing-looking correlations 👇
2/9
But what about the missing 27?
The authors say some lacked data. But excluded countries like Korea and Czechia seem to have it in abundance.
Countries with pop <3m were left out "to avoid tax havens". But countries like Slovenia clearly can't be categorised in this way.
3/9
The authors say some lacked data. But excluded countries like Korea and Czechia seem to have it in abundance.
Countries with pop <3m were left out "to avoid tax havens". But countries like Slovenia clearly can't be categorised in this way.
3/9
