What’s Wrong With Algorithmns?

Economic Positivism

“In the study of economics, the Chicago School, Harvard, and MIT have long been advocates of what is known as economic positivism. This mathematical model-based theory of economics relies on certain normative and also certain positive assumptions. If an anomaly doesn’t fit the normative assumption, it is simply ignored. The economist continues ignoring certain “outliers” and comes to some definitive conclusion. These conclusions are then implemented as public policy by the state or banking institutions, like the Federal Reserve. Not unlike the algorithms used by social media, economic positivism is almost entirely mathematically based and relies heavily on “all things being equal” or better put, ‘all things being quantifiable.'”

https://thebluecollareconomist.com/2018/01/14/whats-wrong-with-algorithmns/

SEE:

The Consequences of Positivism and the Crises of Western Civilization-Mises

 

Positivism and Behaviorism–Mises

 

The disaster of and brainwashing from economic ignorance [and not the Keynesian mathematics that treats people as cattle] about human action [Austrian economics]

 

Determinism and the free will controversy–Mises

 

Researching our free wills given by God; and finding those trying to reduce or remove our free wills–by Richard Duke