Daniel Hausman - Philosophy of Economics

Serious Science - serious-science...
Philosopher Daniel Hausman on rationality, John Stuart Mill, and austerity
serious-science...

[@Guizambaldi]

This is basically right, but we have natural experiments now. This is a much better tool to identify causal relationships than old research.

[@bradfordtownsend9698]

Yes, the United States moved manufacturing to India and China... The Americans do not have as much pollution. The White river in Indianapolis is poisoned a century after polluting stopped. Moving operations to poor countries makes us healthier, while enjoying the benefits of modern industry. Corporations privatize profit and commoners absorb risk thru taxes.

[@rogershadao1975]

No. It all starts from Aristotles view of justice.

[@munandar5990]

Thanks for video

[@ibperson7765]

As an economist, I can tell you he did a terrible job. Especially in his characterization of real (freshwater) business cycle (rbc) economists’ vs new keynsian (salt water) economists’ opinions and from exactly where the differing advice arises. It is not about a representative agent and rationality for one group and “pragmatism” from the other group. It is about the differing mathematical models including the utility of including money stocks rather than just wealth (consumption labor capital etc). Anyway the whole thing sucked imo. He may be a good philosopher (I cant tell) but he understands economics so poorly as to be incapable of philosophy of economics, at least in the areas he discussed. His discussion about how economists rely on preferences was mostly valid and interesting. The early part had problems too but im done writing a comment that no one will ever see thanks.

[@Max10192]

I saw it.

[@ibperson7765]

Max10192 😀

[@savyblizzard6481]

Lmao considering this guy's credentials (having written multiple well respected books and a Stanford article of this very topic) against yours (having a single cringe-worthy video about SJW conspiracies in a Gillette ad) I have to wonder what authority you really have to make this sort of comment. At the very least the fact you can't tell if he's a good philosopher is unsurprising, but that certainly isn't his fault.

[@ibperson7765]

Savy Blizzard I have a phd in economics from berkeley

[@arrabalimaz622]

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[@user-dr9gs6wh1k]

But a physicist can calculate where the leaf will fall…

[@ricardito777]

I would say "we can conceive of a scenario where a physicist can calculate where the leaf will fall".

[@user-dr9gs6wh1k]

@@ricardito777 A physicist can conceive of the axioms in which would even allow you to be able to conceive of such a scenario....

[@pjn-je4hb]

ok