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Economics and mathematical models

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The mathematical methods of recent economics did not predict or prevent the current crisis. Should we look for a better way? Mathematical modeling has revealed itself to be a vain and formalistic exercise incapable of explaining the international currency crises, stock-market and real-estate bubbles, or the global financial crises that have racked our world in the past two decades. It is increasingly evident, even to professional economists, that the tortuous positivist detour has led to an intellectual dead end. Hence, bizarre […]

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The Murray Rothbard Institute

With a hat-tip to mises.org, the Dutch go Austrian: The institute dedicates itself to research and education regarding the Austrian school of economics, natural law, praxeology, philosophy, history, and the social sciences in general, which are directly or indirectly related to the life, work or methodology of the American economist Murray Rothbard. Murray N. Rothbard (1926-1995), an extraordinary scholar, made major contributions in economics, history, political philosophy and legal theory. Although our short-term goal is mainly to provide translations to […]

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