I do not know of anyone being rejected there turn into a dictator yet.
Abandon hope, all ye who enter here.
Most thoroughly debunked philosophy in all of history 🗑️
Well, it’s good for the oligarchs.
https://en.wikipedia.org/wiki/Austrian_school_of_economics#Fundamental_tenets
The only-the-individual-is-real, collectives/groups do not either think or act, as agents, is spectacularly rejecting evidence.
The psycologist/psychoanalyst/whatever to dug into the question “are we individuals, or are we groups”, to crack group-therapy, discovered that both is the ONLY valid-answer.
In Marganalism, they’re essentially re-discovering that principle identified by the root-guru of the Christians, that if a person only owns 1 shekel, & they give that, that is IMMENSE giving, compared with some wealthy person giving what they didn’t care about, no matter how much that was, compared with the median-income.
shudder seems divorced-from-reality, the more I read about it…
There are 2 books which combined give the understanding that “economics” education seems to … ignore?
Thom Hartmann’s book “Screwed” identified, in its beginning, what was wrong with all the other economics stuff I’d read, simply & clearly.
& the book “Who Gets What, and Why” is on how markets work, & what their requirements are, which really gives a better understanding of what Hartmann was pointing-out, that the normal economics … consistently misframes.
A fundamental point is that among nature democracy is normal ( animals ).
Not representative-republic, but democracy.
Among post-agriculture humans, however, feudalism, whether monarchy-anchored, or oligarchy-anchored, or corporate-feudalism, is normal.
Why?
Human-nature. ( the dark end of it )
Force-dismantling that dark nature’s mechanisms-of-ruling … that’s going to take SPINE, if any portion of humankind finds the courage to do it…
Force-emplacing evidence-based fixes, no matter what machiavellianism does … would be beneficial, for the people in that regime…
but it would take spine.
Anyways, until now I’d only known about their Marganalism principle, but now I know they’ve anchored on a whole-set of bogus, contradicted-by-evidence, principles, & … I don’t respect that kind of thing.
Thank you for prodding me into reading a bit more about 'em, though: actual-learning’s necessary…
LMAO … I just realized that they held that collective-action isn’t real, WHILE CORPORATIONS EXACTLY ARE COLLECTIVE-ACTION.
That’s about as ivory-tower divorced-from-actuality as anybody could possibly get, isn’t it?
_ /\ _
I think almost all schools of economics are polluted irreperably. Instead of a legitimate field of inquiry backed by scientific rigour, we have a billionaire dick-sucking contest; who can suck the best dick. Research, funding and public disemination is based on who can make the rich cum fastest and hardest. It’s not science, it’s porn.
Whatever narrative serves the few at the expense of anything and everything get the funding and media amplification. We are facing multiple existential crises simultaneously because economics has failed us completely and fought scientific consensus at every turn. It refused to accept obvious, hard fought and subtle truths instead of incorporating and adapting truths in exchange for the penis polishing of the rich. Austrian, doubly so.
So what is my assessment of Austrian economics? Answer: ** gestures broadly out the window. We have a few thousand extremely happy prosperous people on a dying planet.
