Forum Post: Ludwig von Mises was a stupid retard.
Posted 12 years ago on Oct. 16, 2011, 6:14 p.m. EST by DavidRicardo
(8)
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Ludwig von Mises was one of the worst economists in the whole human history.
His economic theories are entirely fanciful, and without any basis in reality. His theories have nothing to do with the concrete world, the historical world.
Some other stupid economists with fallacious theories:
William Stanley Jevons
Carl Menger
Leon Walras
Alfred Marshall
All those guys created economic "theories" entirely based on fantasies and false assumptions
I forgot to mention another very stupid economist: Friedrich Hayek.
And, of course, his disciple: Milton Friedman, another moron.
So, don't listen to people who make political proposals based on the stupid theories of those guys...
This scientific study measured the accuracy of the labor theory of value at predicting prices. The result showed that the labor theory of value was 98.3% accurate and the temporal single system interpretation of the labor theory of value was 98.9% accurate:
http://www.wfu.edu/~cottrell/wpc_ac/wpc_ac.html
And there is a detail that the retards who defend the "marginal utility" fallacy don't get: value is not the same thing as price. Price can vary on supply and demand, but it's value that determines the "center of gravity" of those fluctuations.
Agreed! They are funded by divine sources.
Agreed. Also, modern conservative economists should all be fired and/or shot. Waste drives economic institutions, not efficiency, because wasting resources signals that you have resources to waste -> this peacocking your high status gets people who lack personalities laid.
Thus, we have MTV's cribs, bling, a thriving market for luxury goods in this economy, etc.
http://www.nytimes.com/2011/09/18/business/darwin-the-market-whiz.html?pagewanted=all
That's not exactly a historical example, but good effort. If you haven't realized by now people can create a model or study to support any theory they want.
I also believe you are mistaken is assuming that Austrian economists don't understand supply and demand. Yes, that plays a role in prices, but what leads to people demanding products? Do you know what marginal utility and scarcity are? That's a serious question.
Supply and demand may determine prices, but price and value are not the same thing. It's value that determines the "center of gravity" of those fluctuations created by supply and demand. And the only theory that properly explains value is the Labour theory of value created by Benjamin Franklin and perfected by Adam Smith, David Ricardo and a certain German guy whose name I forgot now.
What I have to say about the OP:
http://images.cheezburger.com/completestore/2011/8/1/eae906c9-7cdb-4d17-a798-2cfe859585e3.jpg
He was a liberal. Youmad?
Not, actually.
All the guys who based their theories on the "marginal utility" fallacy, and refuted the labor theory of value, are charlatans.
Speak for yourself, Keynesian economics is retarded. Its the reason the 1% own half the country and the reason were in this mess. Funny how you call them retarded yet Austrian economist predicted our collapse many times over. I feel sorry because of how ignorant you are.
Keynes was stupid too. He also believed in the big "marginal utility" lie.
Can you give me some actual historical examples?
I also think it's unfortunate that you think retard is a insult rather than a medical diagnosis. You're not helping your cause, whatever it is.
Sorry to say, the establishment has nothing to fear from you.
The entire establishment is based on the "marginal utility" theory, defended by Jevons, Menger, Walras, Marshall and Mises.