Mathematicians shocked to find pattern in ‘random’ prime numbers

cawacko said:
Exactly. She has no clue. There's criticism of every school of economics. She thinks Keynesian beliefs are above reproach. Ask her why she supports it her response is "because their ideas work". She can't even tell us what those ideas are.
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dearfucking lying idiot


how many schools of economics refuse math?


only one

the one that touts ideas that have NEVER worked in the real world
 
evince said:
dearfucking lying idiot


how many schools of economics refuse math?


only one

the one that touts ideas that have NEVER worked in the real world
Click to expand...

It is not surprising, then, that many in the mainstream claim that Austrians disapprove of the extensive use of mathematics in economic analysis because they are unable to do math themselves. My guess is that most folks, including myself, who can survive a modern economics graduate program, are at least competent if not proficient in mathematics, so I am not sure that charge can stick.

Furthermore, the most vociferous critics of math in economics, Murray N. Rothbard and Ludwig von Mises, were both well versed in mathematics, Rothbard entering Columbia University at age 16 as a statistics major. Rothbard and Mises did not build mathematical theoretical models because they believed it was inappropriate for economic analysis, not because they lacked mathematical competence.

What is the problem, then, of using math for economics, and why are Austrians opposed to such a methodology? In a word, math is not an appropriate tool to describe human action. As Mises and Rothbard often pointed out, one cannot quantify human action. This does not mean that people do not engage in activity in which mathematics is not important, but rather that we cannot accurately use math to describe how humans behave.

Take the simple "Lagrangian Multiplier" that we use in basic graduate-school economics to "explain" consumer behavior. Here, economists construct an equation in which one’s utility depends upon, say, goods "x" and "y." The ability to accumulate such goods is constrained by one’s income and the prices paid for the goods.
In determining the "optimal" state that the consumer can enjoy, one uses tools of multivariable calculus to reach a point where "equilibrium" is reached. At that point, the marginal utility of good "x" divided by the price of good "x" is equal to the marginal utility of good "y" over the price of that good. (I have not done the mathematical work on this page for obvious reasons.)

The problem here is that this "solution" is nonsense. Utility (or consumer satisfaction) cannot be measured in cardinal terms. There is no way to take a cardinal measure of someone’s satisfaction. I can say that I like chocolate more than vanilla, but I cannot put that preference in cardinal numbers. An attempt to do so is nothing short of an exercise in fraud.1
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https://mises.org/library/mathematics-and-economic-analysis
 
https://en.wikipedia.org/wiki/Ludwig_von_Mises


Work in the United States[edit]

In 1940 Mises and his wife fled the German advance in Europe and emigrated to New York City.[1]:xi He came to the United States under grants of the Rockefeller Foundation and, like many other classical liberal scholars, received support by the William Volker Fund to obtain a position in American universities.[9] Mises became a visiting professor at New York University, and held this position from 1945 until his retirement in 1969 - though he was not salaried by the university.[5] Businessman and libertarian commentator Lawrence Fertig, a member of the NYU Board of Trustees, funded Mises and his work.[10][11] For part of this period, Mises studied currency issues for the Pan-Europa movement, which was led by a fellow NYU faculty member and Austrian exile, Richard Coudenhove-Kalergi.[12] In 1947, Mises became one of the founding members of the Mont Pelerin Society. In 1962, Mises received the Austrian Decoration for Science and Art for political economy[13] at the Austrian Embassy in Washington, D.C.[1]:1034

Mises retired from teaching at the age of 87,[14] and died at the age of 92 in New York. He is buried at Ferncliff Cemetery, in Hartsdale, New York. Grove City College houses the 20,000 page archive of Mises papers and unpublished works.[15]

At one time, Mises praised the work of philosopher and novelist Ayn Rand and Rand's view of Mises was generally favorable; however, the two had a volatile relationship with strong disagreements, for example over the moral basis of capitalism.[16]
 
Mises was chief economist for the Austrian Chamber of Commerce and was an economic adviser of Engelbert Dollfuss, the austrofascist but strongly anti-Nazi Austrian Chancellor,[
 
https://en.wikipedia.org/wiki/Engelbert_Dollfuss


Engelbert Dollfuss (German: Engelbert Dollfuß, IPA: [ˈɛŋəlbɛʁt ˈdɔlfuːs]; October 4, 1892 – July 25, 1934) was an Austrian Christian Social and Patriotic Front statesman. Having served as Minister for Forests and Agriculture, he ascended to Federal Chancellor in 1932 in the midst of a crisis for the conservative government. In early 1933, he shut down parliament, banned the Austrian Nazi party and assumed dictatorial powers. Suppressing the Socialist movement in February 1934, he cemented the rule of “austrofascism” through the authoritarian First of May Constitution. Dollfuss was assassinated as part of a failed coup attempt by Nazi agents in 1934. His successor Kurt Schuschnigg maintained his regime until Adolf Hitler's annexing of Austria in 1938.
 
Mises was chief economist for the Austrian Chamber of Commerce and was an economic adviser of Engelbert Dollfuss, the austrofascist but strongly anti-Nazi Austrian Chancellor,[7] and later to Otto von Habsburg, the Christian democratic politician and claimant to the throne of Austria (which had been legally abolished in 1918).[8] In 1934, Mises left Austria for Geneva, Switzerland, where he was a professor at the Graduate Institute of International Studies until 1940.
 
I suggest the OP request closure of this thread and start a new one that is Deshtard free. I am fascinated by this topic but Deshtard makes it impossible
 
evince said:
dearfucking lying idiot


how many schools of economics refuse math?


only one

the one that touts ideas that have NEVER worked in the real world
Click to expand...

Thank you for proving you are clueless about this subject. (not that any of us needed another example)
 
im thread banning desh for trolling this thread and going wildly off topic. Tom if you wish her to be here anyway just contact me and I'll lift it.
 
Although many might view this as just an esoteric issue confined to the ivory towers of academia, it does possibly have real world implications especially to do with cryptography and network security.
 
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