December 31, 2014

Scientific thinking: Aristotle is right, Leijonhufvud is wrong

Comment on 'Mainstream macroeconomics distorts our understanding of economic reality'


Each paradigm stands or falls with its premises:
“When the premises are certain, true, and primary, and the conclusion formally follows from them, this is demonstration, and produces scientific knowledge of a thing.” (Aristotle, Analytica)

The axiomatic foundations of Orthodoxy are wrong and this fully explains its failure. From this does not follow that axiomatization is wrong. This is Leijonhufvud's error.

Egmont Kakarot-Handtke