In the below clip, George Soros correctly complains that there are serious problems with mainstream economics. Toward the end of the clip he correctly points out that mainstream economists are improperly attempting to mimic the science of physics. What he fails to seem to be aware of is that the Austrian economists, such as Ludwig von Mises, Murray Rothbard and Fredrich Hayek, recognized the problem of economists mimicking the physical sciences and built the entire science of economics using the deductive method. Will someone please send Soros a link to the Mises Institute
I believe Soros understands Austrian economics just fine.
ReplyDeletehttp://bionicmosquito.blogspot.com/2012/06/george-soros-austrian-by-any-other-name.html
Soros got the idea from Hayek. Soros says in multiple books that he has written that Hayek is his second most important intellectual influence after Popper.
ReplyDeleteHe spoke for an hour at Cato a few years back about Hayek (though he got a ton of details wrong.)