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As the article stands, it seems no section cannot end without a sentence or paragraph of "what would Rothbard say?" This places undue weight on his views and gives them undue emphasis relative to the other Austrian views and scholars on these subjects. — Preceding unsigned comment added by SPECIFICO (talk • contribs) 16:18, June 6, 2013
I'm sure I've read somewhere that key figures in the development of the Austrian school of economics made a point of writing books and articles with no charts or equations, because they found these methods of presentation inherently misleading.
So, I have three questions for anyone here who cares to answer them:
1) is that accurate? 2) if so, can you cite me a thinker and the book/article in which he made this point? maybe quote me a sentence on the subject? [not a lengthy passage -- if you give me a sentence, I'm sure Mr. Google will help me find more!] 3) most to the point of this Talk Page -- is the issue sufficiently important that it should get a mention in this article? --Christofurio (talk) 15:27, 17 October 2013 (UTC)
Hello, Christofurio. Some Austrians have written books and articles without the use of explicit mathematical models and data. Other Austrians have made extensive use and important contributions in mathematical economics and quantitative empirical research. In response to your question (3) -- I don't think that this issue is important in the abstract, or in general, without reference to the works of individual economists within the Austrian tradition. Some have written explicitly about methodological issues -- Menger, Machlup and Morgenstern, for example, and you might want to begin by reading their words on the subject. SPECIFICOtalk 17:30, 17 October 2013 (UTC)
Thanks. Just an update on my searching: so far the most explicit actual quote I've been able to come up with that might illustrate this issue within Austrian thought comes from P.T. Bauer (who was Austrian-influenced at least even if not strictly one of them!). Bauer said in 1987 that graphs, formulae, etc. contribute to the "disregard or neglect of evident reality” because the use of highly quantitative methods leads to unwarranted concentration on the variables that fit most readily into a formal analysis, and leads to “the neglect of influences which, even when highly pertinent, are not amenable to such treatment.”
“Here there are new clothes, and at times they are haute couture. But all too often there is no emperor within.”
But I'll look to the authors you name for something analogous. --Christofurio (talk) 14:16, 18 October 2013 (UTC)
Hello thanks for that. I think that, as on many topics, there is a diverse set of views within the Austrian School. We have many authors who only write prose and use no formal methods of modeling or presentation. Then at the other end of the spectrum we have Oskar Morgenstern, who collaborated with mathematicians such as John von Neumann and Clive Granger to apply extremely sophisticated mathematical techniques to economic analysis. SPECIFICOtalk 14:27, 18 October 2013 (UTC)