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 […]
Tags: Austrian School, Books, economics, Maths, Rothbard
