This time for monetary theory. The general case is discussed by Alan Crowe here.
April 26, 2009
One man’s proof is another man’s reductio ad absurdum
Posted by teageegeepea under Uncategorized[3] Comments
[3] Comments
April 26, 2009
This time for monetary theory. The general case is discussed by Alan Crowe here.
April 26, 2009 at 9:42 pm
I admit that I don’t know much about econ or monetary theory so maybe I’m just confused, but I wasn’t quite sure what you meant by this.
April 26, 2009 at 11:11 pm
I meant to link directly to Bob’s comment. He discusses his reductio interpretation versus Sumner’s. In brief: Scott says “If I’m a “crank” then crankery is the mainstream!”, suggesting that his ideas only sound crazy but are correct. Bob responds “Yes, crankery is mainstream. Nothing new to Austrians”.
April 28, 2009 at 1:20 pm
I see. Thanks for clearing it up.