Libertarianism is Just an Instance of the Naturalistic Fallacy. Neoclassical Economics is its Enabler.

May 30th, 2011

If everything is left to take its natural course — without intervention by humans — everything will be just peachy.

Twirl finger in cheek.

The monumental constructs of neoclassical economics are a tissue of circular definitions and self-contradictions (as demonstrated by its own practitioners, on its own terms) assembled to provide post hoc rationalizations for that faith-based belief. (A belief that — not surprisingly — is profoundly beneficial to incumbents, those with money and power.)

Just sayin’.

  1. May 30th, 2011 at 13:51 | #1

    There is, of course, no refuting the “libertarian” who always prefers his/her liberty to “rationality” in the economic sense. “Can’t get from micro to macro, so ‘effin what…?”

    Yeah, the cynicism leaves me nearly non-plussed too…

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