Tag Archives: epistemology

Descartes and Perception

René Descartes maintained the view that humans do not directly perceive the world and its contents as they truly are. Rather, he postulated that one relies on incomplete information derived from senses that merely give a representative impression of reality, at best. Aristotle’s and the more classical/scholastic views of natural philosophy held that all knowledge […]

The EPR Paper

In 1935, three quantum physicists, Albert Einstein, Boris Podolsky, and Nathan Rosen wrote an article for the journal Physical Review, entitled “Can Quantum-Mechanical Description of Physical Reality Be Considered Complete?” Quantum mechanics is the attempt to describe the physics of subatomic particles’ behavior and interactions using mathematics. Realism is the idea that objects, particles, and […]

Ludwig Lachmann’s Psychedelic Solitaire, Part Two

The way I left off in part one of this article was by mentioning the various problems facing both the solitaire player and the entrepreneur. However, “the entrepreneur” is better stated, psychologically and practically, as an individual acting in an entrepreneurial manner, or an individual employing entrepreneurial tools, or an individual fulfilling entrepreneurial functions, considering […]

The Genius of Roger Garrison, Part Two

At the end of part one I mentioned Friedman’s fears of deflation, which I said were a natural consequence of his view that depressions stem from the nature of money itself. Friedman basically said that we should keep the nominal interest rate at zero and shoot for consistent and low inflation each year (around 3% […]