Talk:Austrian School

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The more the Murrayer?[edit]

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 (talkcontribs) 16:18, June 6, 2013

Removed reference of Church-Turing computability as indicator of human actions[edit]

The text read "Mainstream economists have argued that Austrians are often averse to the use of mathematics and statistics in economics. However, independent scholar Martin Sibileau, in 2014, offered a formal proof that, based on the Church-Turing thesis, human action is not "decidable", "computable" and therefore cannot be mathematized. He also suggested a logics-based approach for a definitive formalization of the Austrian thought."

Whether human action is decidable or computable has nothing to do with whether statistics can be applied. As shown by the indeterminacy in quantum state measurements, whether something *can* be known or computed has nothing to do whether it can be statistically modeled.


There are some efforts at improvement going on over at that article. One of the areas in need of work is a section on the Austrian School. Anyone from here is more than welcome to pitch in if you feel the itch. TimothyJosephWood 14:24, 23 June 2016 (UTC)

Dr. Meacci's comment on this article[edit]

Dr. Meacci has reviewed this Wikipedia page, and provided us with the following comments to improve its quality:

The “Austrian School” entry is more detailed that any of the entries above. But I have noticed some arguments that, in my view, are missing or should be lengthened. In particular, I would recommend a brief subsection concerning Böhm-Bawerk (to be followed elsewhere by a much more extended entry at least with regard to his theory of capital). Furthermore I would extend, for instance by adding some specific citations, 1) the eight “Fundamental tenets” of Austrian economic thinking due to Machlup, as well as 2) the discussion of the “Economic calculation problem” and the “Business Cycles” in the subsections that follow suit.

PS. See the P.S. on Adam Smith above. See also my papers: “Capital et temps dans l’analyse hayekienne des fluctuations économiques”, Revue d’économie politique, 1999, pp.775-786; and “Hayek and the Deepening of Capital”, in Colonna M., Hagemann H., Hamouda O. (eds.) (1994), Capitalism, Socialism and Knowledge, Aldershot: Edward Elgar, Volume II, pp. 26-44.

We hope Wikipedians on this talk page can take advantage of these comments and improve the quality of the article accordingly.

We believe Dr. Meacci has expertise on the topic of this article, since he has published relevant scholarly research:

  • Reference : Meacci, Ferdinando, 2008. "Different Employment of Capitals in Vertically Integrated Sectors: Smith after the Austrians," MPRA Paper 11702, University Library of Munich, Germany, revised 02 Oct 2008.

ExpertIdeasBot (talk) 18:42, 16 November 2016 (UTC)

First Paragraph Terrible[edit]

Hi I'm new to WP but the first paragraph is terrible in the sense that few people understand the words methodological individualism. The key insight from Mises is spontaneous order arising from price information from the free market. I hope this is now clear. It's in the same references used, just a more accurate summation of the core principles. MnuchinsGold (talk) 10:46, 6 January 2017 (UTC)

I've been asked to provide references for the first para change. The O'Driscoll article clearly states Austrian Hayek's "most famous idea" is spontaneous order. The published book Literature and the Economics of Liberty has a good summation of the Austrian School at page 18 - 22 and ties in free market and spontaneous order in that passage.MnuchinsGold (talk) 07:25, 7 January 2017 (UTC)
Austrian School is not Ludwig von Mises thought. It's a mistake to equate the two. The Austrian School has a long literature and history that existed before (and after) Ludwig von Mises. LK (talk) 09:26, 7 January 2017 (UTC)
Sorry it appears you haven't read the references provided either now or previously. Not one of the previous references provided actually said "the sole or main insight that the AS is known for is methodological individualism". The lede was actually original research in that sense. The first new reference says the "most famous" idea of Hayek - a key Austrian - is "spontaneous order". The book Literature and the Economics of Liberty contains excellent summation of Austrian School - it is actually trying to summarise the key insights in AS unlike the other references previously provided - and basically says exactly what I have said. Not one reference I have read says the main insight of AS is "methodological individualism" yet that is the impression from the lede. That emphasis is either original research (which is prohibited) or not reflective of the reference. And the only book I have found that tries to summarize AS in concise terms is the book Literature and the Economics of Liberty. The other references actually don't summarize the School at all so are inappropriate references for the lede. I have no axe to grind, I'm just copying pages 18 - 25 of the book. I never said AS is Mises alone (in fact spontaneous order is emphasized more by Hayek). What needs to happen is to prioritize the key principles of the School. Whatever your personal opinion is, it isn't "methodological individualism" as no one who has written a published work has stated that is the key insight of the School. However the Literature book clearly states the key insights are (a) free market focus (b) spontaneous order (c) subjective value (d) methodological individualism. Picking one out to the exclusion of all the others is unreferenced personal opinion. If you have a better reference that summarizes the School let's see it. Or if you can summarize pages 18 - 25 better please do so. But the Literature book does a great job and is a perfectly valid reference until someone comes up with a better reference that summarizes the whole School. Wikipedia is not supposed to put its own strange slant on the subject, it must rely on secondary sources. MnuchinsGold (talk) 14:23, 7 January 2017 (UTC)

Should have caught on earlier, it's another WP:SOCK of USER:Karmaisking. LK (talk) 02:34, 8 January 2017 (UTC)