June 7, 2017

Note on Lars Syll on ‘Cauchy logic’ in economics

Blog-Reference and Blog-Reference on Jun 8

“The truth is, that common-sense, or thought as it first emerges above the level of the narrowly practical, is deeply imbued with that bad logical quality to which the epithet metaphysical is commonly applied; and nothing can clear it up but a severe course of logic.”

This is the key message of Peirce to Heterodoxy.

The misapplication of the concept of random draw has nothing to do with the mathematical concept of limit. Hence the conclusion: “It’s — just as the Cauchy mathematical logic of ‘defining’ away problems — not tenable”, is far beside the point, in fact infinitely far.

What heterodox economists as utterly incompetent scientists indeed need is a “severe course of logic.”*

Egmont Kakarot-Handtke

* See ‘Heterodoxy, too, is scientific junk