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124 sats \ 2 replies \ @south_korea_ln 20 Feb 2024 \ on: No, "Science" Has Not Proven Mises Wrong on Socialism | Benjamin Williams econ
I hope one day a real-life experiment proves Mises right~~ Austrian economics is still very much a theory, no? Or have there been societies that implemented something very similar?
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0 sats \ 1 reply \ @Undisciplined OP 21 Feb 2024
That's not really how economics progresses as a science. What demonstrates the correctness of Mises' arguments about socialism, is that socialist economies perform so much worse than market economies and in the specific ways Mises anticipated.
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124 sats \ 0 replies \ @south_korea_ln 21 Feb 2024
Right, it's not an exact science. Interesting read, tnx for sharing.
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