Austrian economics and empirical data

The pythagorean theorem must deal with empirical data. One empirical.example of the pythagorean theorem not being true would invalidate much of mathematics. If you could show one example of a right triangle in the real world where the square of the hypotenuse wasn’t equal to the sum of the squares of the 2 sides mathematicians around the world would be fascinated. Not one of them would say that empirical examples don’t matter. The reason the pythagorean theorem has lasted this long is that there has never been a right triangle in the real world that disproves it. One empirical example would throw mathematics on its head and change every geometry text book to be written.

Empirical data without question has shown the pythagorean theorem to be true. It has been supported by empirical data since before the pyramids were built.

Einsteins theory of relativity has been supported by empirical data since just after the first world War when the measured a position of a star. Since then it has been tested by empirical data and shown to be true. Again a single example of general relativity being empirically false would overthrow much of modern physics.

To think that we would hold an economic theory to a standard that excluded empirical data and then pretend that it can’t be assaulted because empirical data doesn’t count is ridiculous. It’s not how science works and as far as I am aware economics at least.pretends to be a science. Where it absolutely fails is where it pretends that an example in the real world doesn’t overthrow the theoretical basis.

About the only way we have to test a theory is to make predictions. A science that makes a prediction allows us to test whether the science is true or false. If any theory makes a prediction that is empirically shown to be wrong then the theory that was the basis of that prediction is wrong. The pythagorean theorem has for thousands of years been empirically proven. Every time you see a new building going up youncan know that the pythagorean theorem was proven over and over again. Every time you get directions from a GPS in your car you are seeing absolute empirical proof of general relativity. I’m sorry if praxeology doesn’t hold up to empirical data. That means that it is not true and must be modified or discarded for a better one. No science in the world can hope to be taken seriously if its predictions are not empirically tested.

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