Intellectual Honesty, Empirical Honesty.

The problem with using the empirical methodology in the human sciences – economics, for example – is that humans make decisions subjectively which cannot be captured or accounted for using the empirical method. First of all empirical data cannot contain the dynamic complexity of human decisions and secondly human decisions are subject (subjective) to change in unpredictable magnitudes and/or unpredictable directions rendering any and all puny and static empirically-generated data meaningless.

However even if there was a way to ascertain that which is impossible using the empirical method the conclusion would be to leave things alone. This is exactly what is discovered when the appropriate scientific method is used to study subjective decision-making by human beings. The test of deduction and logic within the subjectivist methodology provides vast amounts of proof and in that sense the results are empirical.

Laissez-faire or an unhampered market economy or the divine economy all refer to the intellectually honest and empirically honest conclusion: that an unimpeded market process is the optimal means.

Follow me on Twitter @DivineEconomy

If you know of anyone interested in ethics and economics,
or liberty and justice, please send them this link:
http://bruce-koerber.squarespace.com

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