Quote: Original post by HostileExpanse
Again, I'll ask what you're trying to say. Aside from tautologies, falsification can still be applied.
All mathematics is tautology. It can only be falsified by internal contradiction.
That doesnt mean its independent from experience though. 1+1=2 has obvious empirical motivation. But it cant be falsified by observation.
Austrian economics is like that. Supply and demand are not things anyone would come up with without ever having studied an actual economy (unlike what rationalists might claim, but yeah they are wrong). If it consistently turned out to be wrong, i doubt anyone would be using it. But it isnt consistently wrong: it is consistently correct.
To claim the notions of supply and demand are falsifiable by some data fitting and extrapolation to a boiling sea of noise, is silly. If you put two apples with two apples and you find you have five: start by counting again, instead of rejecting 2+2=4.