Lars P. Syll — What went wrong with economics?

 Keeper quote from Peter Boettke.


The issue is balancing the criteria for a good model — internal consistency, outer correspondence, simplicity (aka economy, efficiency and elegance), and usefulness (aka practicality, pragmatics). These are explored in the branch of logic called semiotics.


Model building is an art that requires a great deal of technical skill and good judgment. Great artists are rare.

Lars P. Syll’s Blog
What went wrong with economics?
Lars P. Syll | Professor, Malmo University

Peter Boettke on Austrian Economics — Interview

The professor of economics discusses the contributions made by the Austrian School. He introduces recent books by Austrians, explains what we can learn from Mises and Hayek, and argues that economics is the sexiest subject.

Read it at The Browser: Writing Worth Reading
Peter Boettke on Austrian Economics

Interview
(h/t Zero Hedge)

Good read.