Lecture 09. Austrian Economics and Methodology: Debunking Economic Myths. Key Lessons from JHS

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Instituto Juan de Mariana

Published on Premiered Jan 9, 2025
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➡️ Did you know that you can take the full course with access to the readings, program, and resources on the #IJM training website? Sign up here: https://formacion.juandemariana.org/c.... Discover the fundamental ideas of Austrian economics explained by Professor Jesús Huerta de Soto. In this masterclass, we explore methodology in the social sciences, the differences between statistics and economic theory, and the errors of scientism in economic analysis. In addition, we address the importance of business creativity and its role in social coordination. What you will learn in this video: Introduction to Austrian economics and its methodology. Criticism of statistics in the social sciences. Evaluation of mathematical models and their application in economics. Importance of the Austrian economics congress and featured events. Content structure 00:00 - Introduction and objectives of the course. 01:30 - Topic plan and important dates. 02:06 - Guest presentations and Austrian economics conference. 03:23 - Academic events and special tributes. 04:30 - Conference description and keynote presentations. 09:05 - Scientific methodology: dualism vs. monism. 15:08 - Hypothesis validity and falsifiability. 19:41 - Statistics and mathematics in economics. 28:42 - Limitations of statistics in social sciences. 35:11 - Mathematical models and their dangers in economics. 50:21 - Final reflections on statistical and mathematical tools. ........ Help us continue and improve our work Become a member of the IJM: https://frapp.co/ngos/juandemariana/c... Become a member of the YouTube channel: / @instjuandemariana Make a donation: https://www.paypal.me/juandemariana Follow us on our social networks Web - https://www.juandemariana.org Instagram - / juandemariana Facebook - / juan.de.mariana Twitter - / juandemariana LinkedIn - / instituto-juan-de-mariana Telegram - https://t.me/juandemariana

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