spoke to an “Austrian” economics student

libertarians-and-stoya:

rtk9221:

me: All I have heard is that the Austrians don’t advocate the use of math.

austrian: We use math.

me: So…

austrian: We just try to not use math as a means of modeling everything.

me: I suppose it’s sensible that we cannot model everything and everyone’s individual preferences. So where does the criticism of Austrians’ love/hate relationship with math come from then?

austrian: An organic system such as the economy is best left without implementing policies based off faulty math.

me: So the whole deal is that you don’t use a lot of math? Is that it?

austrian: Yeah.

———————

I don’t get it. There is nothing wrong with utilizing math to help predict the effects of a policy, but does the Austrian school of thought toss math to the sidelines 90% of the time?

Austrians don’t like mathematically modeling behavior because they think that you can’t.

You can. It’s what neoclassical economics has done using the same ideas Austrians had (utility maxizing individuals, preferences, etc etc)

Perhaps economics could be mathematically organized if we had perfect information and all participants practiced rational behavior that can also be quantified.

But we don’t always have perfect information, the info we do have can’t always be extrapolated and actors are certainly not always rational.  

But I do agree that if math can be utilized, then by all means, do so. I’m just not convinced that it can always be utilized as an effective tool. 

(via libertarians-and-stoya-deactiva)

Randy Powell - Vortex Based Mathematics. The future of free energy? via TEDx

We are living in marvelous times, on the brink of everything

Wrong. The answer cannot be either/or. The real answer is 9. 
There is something in math called Order of Operations or PEMDAS. 
Parentheses first, then Exponents and then Multiplications and Divisions and then Additions and Subtractions. 
Division and Multiplication rank equally (and go left to right). Addition and Subtraction rank equally (and go left to right)
This equation is just written in silly fashion but it breaks down like this:
6/2(1+2)=?
6/2(3)=?
3(3)=?
= 9
- Sha

Wrong. The answer cannot be either/or. The real answer is 9. 

There is something in math called Order of Operations or PEMDAS

Parentheses first, then Exponents and then Multiplications and Divisions and then Additions and Subtractions. 

Division and Multiplication rank equally (and go left to right). Addition and Subtraction rank equally (and go left to right)

This equation is just written in silly fashion but it breaks down like this:

6/2(1+2)=?

6/2(3)=?

3(3)=?

= 9

- Sha

The mathematical genius of the Armenian alphabet. 

The Armenian Alphabet is a miracle. Here are the names of some chemical elements. The interesting fact is that each one of the Armenian alphabetic letters represent a numerical value. Now the sum of the numerical values of letters used to write the name of each element equals the Atomic Number of that element. 

The numerical values assigned to each letter is nothing more than their placement within the language. Similarly, in English, the letter ‘A’ would be 1, ‘B’ would be 2 and so on. 
Armenian is also a phonetic language that is easy to learn. Here’s more on the Armenian language. 
@Suga_Shane

The mathematical genius of the Armenian alphabet. 

The Armenian Alphabet is a miracle. Here are the names of some chemical elements. The interesting fact is that each one of the Armenian alphabetic letters represent a numerical value. Now the sum of the numerical values of letters used to write the name of each element equals the Atomic Number of that element. 

The numerical values assigned to each letter is nothing more than their placement within the language. Similarly, in English, the letter ‘A’ would be 1, ‘B’ would be 2 and so on. 

Armenian is also a phonetic language that is easy to learn. Here’s more on the Armenian language

@Suga_Shane