Evaluating Economics

The Coat of arms of Chile

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There’s no shortage of writing about economics and political philosophy, much of it contradictory. In particular, there is a vast gulf between the Austrian economic/libertarian politics and the mainstream conventional economics/social democracy crowds. I myself find the Austrian/libertarian view quite convincing, but this is mainly due to its logic and intellectual rigor. But we all know things can be different in the real world – we’d all like to see some empirical evidence. Of course, deliberate scientific experimentation would be unethical, so we have to settle for comparing “sort of kind of” approximations with each other. With that in mind, I direct your attention to this article about  the economic fortunes of Chile. They seem to be profitably ignoring the conventional wisdom.

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