Difference between revisions of "Why the Worst Get on Top -- in Economics and as CEOs/predictive failure"
From Critiques Of Libertarianism
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| text = Economists claim that their work should be evaluated based on predictive success. Von Hayek was made a Nobel Laureate in 1974, three decades after his prediction that democratic states were headed to tyranny and mass murder of their own citizens. In those three decades of experience in the nations he focused on (Western Europe, the U.S., Canada, Australia, and New Zealand) – and the forty years since his award – this happened in zero nations. He is batting zero for 70 years in roughly 30 nations with, collectively, thousands of elections. What he claimed was inevitable has never occurred. | | text = Economists claim that their work should be evaluated based on predictive success. Von Hayek was made a Nobel Laureate in 1974, three decades after his prediction that democratic states were headed to tyranny and mass murder of their own citizens. In those three decades of experience in the nations he focused on (Western Europe, the U.S., Canada, Australia, and New Zealand) – and the forty years since his award – this happened in zero nations. He is batting zero for 70 years in roughly 30 nations with, collectively, thousands of elections. What he claimed was inevitable has never occurred. | ||
| cite = [[Bill Black]], "{{Link |Why the Worst Get on Top -- in Economics and as CEOs}}" | | cite = [[Bill Black]], "{{Link |Why the Worst Get on Top -- in Economics and as CEOs}}" | ||
}} | }} | ||
