Over and above these points the statement that it cannot be calculated with certainty is entirely different to saying that nothing should be calculated. Even then.

telcobert

He wasn't wrong in that economics is not unlike a living organism and therefore difficult to describe. But concluding from that that mathematics as a tool should be discarded is a mistake. He was just born too early and maybe didn't anticipate the tools that were to be invented in the future, such as:

libertarian

What Would Carl Menger Think Of Bitcoin?

siggy47

He wasn't wrong in that economics is not unlike a living organism and therefore difficult to describe. But concluding from that that mathematics as a tool should be discarded is a mistake. He was just born too early and maybe didn't anticipate the tools that were to be invented in the future, such as:
- Chaos theory
- Modern econometrics and financial engineering
- Entirely new branches of mathematics (like stochastic processes) to describe and solve some of the problems
- Computers to allow assist in solving and simulating