>I would say the core tenants of Austrian Economics are very much observable and repeatable, much like game theory.
Neal Stephenson made the analogy that math is more than just a 'physics of bottlecaps'. In the same sense, even if you have a set of sound testable principles, It is a fundamental mistake to blindly assume that the dominant forces on the scale at which you can test and reason about are the dominant forces on the scale of e.g. the global market. Given that the behavior of markets on a global scale is [a] chaotic, and [b] driven by group behavior, it is not clear to me that useful conclusions can be drawn from the behavior of markets, or the study of the individual. Consider as an analogy the behavior of gas particles both severally and in totum.
In any case, you are verging on falsehood by implying any scientific basis to libertarianism. Whether you consider it a philosophy or an economic theory or a religion, these things all merely ape the trappings of science. I don't merely mean to imply that libertarianism is a useless philosophy: like intelligent design, it is an actively harmful memetic virus.
Neal Stephenson made the analogy that math is more than just a 'physics of bottlecaps'. In the same sense, even if you have a set of sound testable principles, It is a fundamental mistake to blindly assume that the dominant forces on the scale at which you can test and reason about are the dominant forces on the scale of e.g. the global market. Given that the behavior of markets on a global scale is [a] chaotic, and [b] driven by group behavior, it is not clear to me that useful conclusions can be drawn from the behavior of markets, or the study of the individual. Consider as an analogy the behavior of gas particles both severally and in totum.
In any case, you are verging on falsehood by implying any scientific basis to libertarianism. Whether you consider it a philosophy or an economic theory or a religion, these things all merely ape the trappings of science. I don't merely mean to imply that libertarianism is a useless philosophy: like intelligent design, it is an actively harmful memetic virus.