I am reading saifedean (npub1gdu…6nak) s book Principles of Economics right now. And I have a thought that seems to contradict the view of Austrian Economics. I don’t know what to make of it and I would be glad if someone could confirm or negate my thought. I'm open to discussion.
So, the Austrian school is based on the premise that individuals "act" and therefore it is impossible to put whole economies into equations. And obviously there is some truth in that.
BUT we know since Sigmund Freud that masses do NOT act as individuals when their primitive senses are triggered. That's why propaganda works. It worked in the Third Reich and it worked 3 years ago. We saw it first hand. So there is also clearly something that could measured.
Can you see my dilemma?
Toshi
npub108…32vph
2023-09-05 18:49:13
Author Public Key
npub1082rg9mtv3696funeuc87gyk0cnez2v57m5pvvk7rrdrzpkzew6qd32vphPublished at
2023-09-05 18:49:13Event JSON
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"content": "I am reading #[0] s book Principles of Economics right now. And I have a thought that seems to contradict the view of Austrian Economics. I don’t know what to make of it and I would be glad if someone could confirm or negate my thought. I'm open to discussion.\nSo, the Austrian school is based on the premise that individuals \"act\" and therefore it is impossible to put whole economies into equations. And obviously there is some truth in that.\nBUT we know since Sigmund Freud that masses do NOT act as individuals when their primitive senses are triggered. That's why propaganda works. It worked in the Third Reich and it worked 3 years ago. We saw it first hand. So there is also clearly something that could measured.\nCan you see my dilemma?",
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