Wednesday, October 7, 2009

Ludwig von Mises Transcends The Tainted Nobel Prize.

In other words, the Nobel Prize for economics has been a political ploy from the start. As with all politics that is associated with economics it is ego-driven. Technically there are two kinds of economics that are born out of politics: 1). ego-driven interpretation, and/or 2). ego-driven interventionism. In common, they are both empirical.

In contrast, economics that respects and seeks to understand subjectivism has no affiliation with politics. Yet the political systems that sprout from subjectivism are variations of classical liberalism and as such are prosperous, peaceful, and endowed with liberty.

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