Sunday, December 06, 2009

Why Do Mainstream, Empirical Economists Misunderstand Subjectivism?

One of the reasons mainstream economists misunderstand the unity of thought and the conviction and unwavering confidence exhibited by 'students' of classical liberalism is because it has an ethical foundation.

Since empiricism extracts the human element, it necessarily extracts ethics also. Then when it is time to apply their 'economics' they have to make some kind of interpretation to reapply it in an ethical context in the human world. Inevitably ego-driven interpretation is what results which sends us in steps towards totalitarianism.

And it is this same empiricism of mainstream economics that makes subjectivism a mystery to them and causes them to misrepresent the certitude of the scientists who use subjectivism.

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