Reimu @EconReimu Twitter profile

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Reimu

@EconReimu

2 months

Fumo reading

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Reimu

@EconReimu

2 months

Thinking about Marx's attempt to disprove the concept of derivatives.

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Reimu

@EconReimu

2 months

@miehualb Seems like he confused something approaching zero in the limit and being equal to zero.

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Reimu

@EconReimu

2 months

I'm guessing the motive for this disproof was to deal with marginalist economics. Not completely sure, though.

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Reimu

@EconReimu

2 months

@AncapProud Engels too. They really thought they were on to something. Letter from Engels to Marx, commenting on his mathematical papers:

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Reimu

@EconReimu

2 months

Uzawa later states that Japanese Marxists, in an attempt to strictly adhere to Marx’s writings, avoided using mathematics until Michio Morishima published his book in the 1970s.

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Reimu

@EconReimu

2 months

Screenshot is from "An Interview with Hirofumi Uzawa." The proof he's discussion can be found in Karl Marx's Mathematical Manuscripts.

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Reimu

@EconReimu

2 months

@dandolfa As far as I can tell, Hirofumi Uzawa was being completely serious when he said this and used to seriously believe it until he corresponded with Kenneth Arrow.

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Reimu

@EconReimu

24 days

There are three types of Austrian economists

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Reimu

@EconReimu

25 days

I think about the Chinese-speaking crow video sometimes

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Reimu

@EconReimu

2 months

@jappazolla It is real. The quote I posted is from Hirofumi Uzawa, a mathematical economist who was a Marxist at one point.

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Reimu

@EconReimu

1 month

Reminder that Carl Menger, who founded the Austrian School of Economics, had a socialist brother named Anton Menger

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@EconReimu

1 month

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Reimu

@EconReimu

1 month

If this is how he types, it’s no wonder he publishes so infrequently.

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Reimu

@EconReimu

2 months

@MaxUtilitarian Interestingly, Walras also called his general equilibrium system “scientific socialism”

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Reimu

@EconReimu

3 months

42 year old research institute still does economics the old fashioned way…

Interesting Things

@interesting_aIl

3 months

97 year old diner still makes coke the old fashioned way…

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Reimu

@EconReimu

3 months

Daniel Baryon

@AnarkYouTube

3 months

Hit me with your most epic anarchist quotes.

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Reimu

@EconReimu

28 days

MISES MENTIONED

𝐏𝐨𝐬𝐭𝐬 𝐅𝐫𝐨𝐦 𝐔𝐧𝐝𝐞𝐫𝐠𝐫𝐨𝐮𝐧𝐝

@the_posts

28 days

"If you care about your fucking country, read Ludwig von Mises and the six lessons of the Austrian economic school, motherfuckers." - @moicanoufc

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Reimu

@EconReimu

2 months

Austrian economics lore

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Reimu

@EconReimu

21 days

I don't know, dude, I kind of think man was made for more than that

Students For Liberty

@sfliberty

22 days

“Part of freedom is the right of each of us to go to hell in his own fashion.” — David Friedman

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Reimu

@EconReimu

17 days

Why is it called the “Austrian School” when their founder, Adam Smith, was English?

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Reimu

@EconReimu

2 months

Theorist

@ArchTheorist

2 months

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Reimu

@EconReimu

23 days

Thank you for 1k! I really appreciate your follow!

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Reimu

@EconReimu

2 months

@jappazolla Yeah Here's the following paragraph:

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Reimu

@EconReimu

19 days

When the food takes over 30 minutes to arrive

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Reimu

@EconReimu

4 months

Fumo reading

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Reimu

@EconReimu

18 days

Met Freeman

@MetFreeman

18 days

@meaimanlee The core theory (mises/rothbard) works on unrealistic premises. Namely that people think logicaly and have perfect information. From this and only this then follows that free market is optimal. Introduce uncertainty and it does not hold anymore. I am still ancap but I see issues.

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Reimu

@EconReimu

7 days

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Reimu

@EconReimu

1 month

The official anime of economics is back

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Reimu

@EconReimu

14 days

They're doing this to me tomorrow

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Reimu

@EconReimu

3 months

Happy Valentines Day

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Reimu

@EconReimu

26 days

Otto von Habsburg, crown prince and son of the last emperor of Austria-Hungary, with Hans-Hermann Hoppe Photo take at the 1999 Mises Institute Supporter’s Summit

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Reimu

@EconReimu

23 days

Four Austrian School Mysteries: 1. Who killed Richard Cantillon 2. Where did Mises write that he wanted state-funded opera 3. What would volume 3 of An Austrian Perspective on the History of Economic Thought have contained 4. Did Chad ever help @davidgordon51 log into his email

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Reimu

@EconReimu

4 months

@dailytouhous I am a Sanae fan

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Reimu

@EconReimu

2 months

My follower count more than tripled since I last tweeted, and I fear many won’t care for my vidya-related tweets. Anyways, how are you doing? Lol

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Reimu

@EconReimu

1 month

Neoclassicals when an Austrian says that there are different types of capital goods

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Reimu

@EconReimu

1 month

Reading Keynes's General Theory in public but shaking my head the whole time so everyone knows i disapprove

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Reimu

@EconReimu

1 month

Carl Menger (left) fishing with some guy (right)

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Reimu

@EconReimu

3 months

Are you familiar with the Austrian economist von Mises? Have you read The Ultimate Foundation of Economic Science? Mises is an Austrian economist, he was the student of Böhm-Bawerk, and Menger, and he talks about all of this, he predicted it a long time ago.

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Reimu

@EconReimu

2 months

@adynatonIX

Malakai_

@chiyari10kajin_

7 months

Who the FUCK let Reimu lecture my economics CLASS I AM FAILING THE NEXT TEST 😭😭😭

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Reimu

@EconReimu

8 days

John Stuart Mill: the prototype of the Twitter-politics account (he changed his ideology every week)

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Reimu

@EconReimu

8 days

“I’m not judging a book by its cover, I’m judging the book’s physiognomy.”

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Reimu

@EconReimu

2 months

@Yuuker_kazami He wrote quite the double dealing character

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Reimu

@EconReimu

1 month

1+1=2 “in theory” but that didn’t prevent me from writing 1+1=1 on the exam. I call this living in the real world.

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Reimu

@EconReimu

1 month

Say’s Law has often been formulated as “supply creates its own demand.” The statement is clearly not an economic law—but it’s also not what Say said. Say’s actual argument was that consumers need to create some sort of supply in order to have the ability to demand.

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Reimu

@EconReimu

2 months

@erasmuse Well, it is not my summary, it comes from an interview with the mathematical economist Hirofumi Uzawa. Further into the interview, he states that he used to believe mathematics was inapplicable to economics, because of this proof, until he corresponded with Kenneth Arrow.

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@EconReimu

24 days

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Reimu

@EconReimu

1 month

🧵 How Keynes debunked Austrian Growth Theory 🧵 The Austrian school argues that savings is key for economic growth. Nothing could be further from the truth. Keynes (General Theory, Chapter 7 §5) debunks this idea, and shows that it is consumption spending that promotes growth.

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Reimu

@EconReimu

25 days

There's an article on Mises called "Did Carl Menger Start WWI?"

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Reimu

@EconReimu

25 days

People tend to think praxeology is way crazier than it actually is.

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Reimu

@EconReimu

2 months

I think about this photo a lot

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Reimu

@EconReimu

2 months

You’re not a real libertarian™ if you don’t pronounce “a priori” the same way I do

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Reimu

@EconReimu

10 days

Alright, I've read Wealth of Nations. For all the rightful criticism A. Smith's price theory gets from Rothbard and the Austrians, his theory of capital is actually quite good.

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Reimu

@EconReimu

1 month

Economics is descriptive. Far too many misconceptions stem from people (usually politically-minded people) boiling the entire field down to “what policies should you support”—a question economics informs but will not answer.

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Reimu

@EconReimu

16 days

@real_hotaru Marisa has a cigarette in hand

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Reimu

@EconReimu

28 days

what is an austrian economics opinion that will have you like this?

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Reimu

@EconReimu

1 month

"Therefore, it is a priori true (and needs no falsification) that declining to go out with me is a performative contradiction, so to speak."

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Reimu

@EconReimu

2 months

Have a good night! Take it easy!

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Reimu

@EconReimu

3 months

Biblically accurate Hayekian triangle

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Reimu

@EconReimu

17 days

@watamelon23 @itsawildnothing

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Reimu

@EconReimu

24 days

@CatholicXenu One of the few surviving quotes from the otherwise-lost Epistle to the Laodiceans

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Reimu

@EconReimu

1 month

Anton Menger, a legal scholar, wrote a book called "The Right to the Whole Produce of Labor," where he tried to ground socialism in legal theory. In the book, he also argued that Karl Marx plagiarised from other authors—arguments Friedrich Engels would latter try to dispute.

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Reimu

@EconReimu

1 month

Me when someone says “But I did have breakfast this morning” and tries to move on

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Reimu

@EconReimu

1 month

This is what I believe:

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Reimu

@EconReimu

18 days

Mises and Rothbard explicitly rejected this way of thinking and spent so much time refuting it. If you read their works and still reached this conclusion, I don't know what to tell you.

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Reimu

@EconReimu

27 days

This goes on there

Liam

@LegoRacers2

27 days

What goes on here? Is this like Istanbul's New Jersey?

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Reimu

@EconReimu

1 month

Bastiat’s “Petition of the Candlemakers”: Bad Ending

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Reimu

@EconReimu

18 days

Guy living in General Equilibrium be like: “Nothing ever happens.”

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Reimu

@EconReimu

2 months

Lachmann looks like he's about to say something hilarious

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Reimu

@EconReimu

4 months

Reading some history of economic thought

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Reimu

@EconReimu

1 month

The famous economist Richard Cantillon met a violent end in 1734, when his house burnt down. Many think he was murdered by his debtors, who had been pursuing him for many years. Others say he faked his death to and fled to Suriname, taking on the name Chevalier de Louvigny.

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Reimu

@EconReimu

27 days

In 1914 J.M. Keynes wrote a review of L.v. Mises's 1912 book The Theory of Money and Credit. He wrote that the book was "critical rather than constructive, dialectical and not original." Anyone reader of this book should be quite surprised by this statement. It gets stranger.

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Reimu

@EconReimu

1 month

I love Hayek's The Pure Theory of Capital, but man can it be a pain to read—Friedman was not entirely wrong when he said it was "unreadable."

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Reimu

@EconReimu

2 months

With the rise of "ordinal utility functions" in neoclassical microeconomics, I wonder if there's some hyper-specific math thing that makes it different from the Austrian conception of ordinal utility.

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Reimu

@EconReimu

1 month

@ufukuel Yeah, Hoppe has a good discussion of how Richard von Mises's work related to Ludwig von Mises and economics in "The Limits of Numerical Probability"

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Reimu

@EconReimu

2 months

Thinking about Walras's attempt to get the Nobel Peace Prize for developing General Equilibrium Theory, which he claimed would solve the "social problem."

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Reimu

@EconReimu

4 months

🧵 Nick Land and Intelligence as an Argumentation Ethic Should one take “a pill that will vastly enhance his cognitive capabilities, with the rider that it might lead him to revise his volitional orientation—even radically—in directions that cannot be anticipated”? 1/7

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Reimu

@EconReimu

2 months

Replying to the worst economics tweet I've ever seen with: "Henceforth, all essential studies in these branches of knowledge will have to take full account of the theories and criticisms expounded by [username]."

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@EconReimu

2 months

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@EconReimu

1 month

They're doing this to me tomorrow

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@EconReimu

3 months

“What caused the state to grow as big as it is today?” Hoppe: “It all started when the feudal kings were replaced first by absolute and then by constitutional kings, so to speak. Constitutions actually formalize the king’s power; protecting it, not limiting it …”

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Reimu

@EconReimu

2 months

All time classic

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Reimu

@EconReimu

2 months

F.A. Hayek’s meeting with his cousin Ludwig Wittgenstein

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Reimu

@EconReimu

1 month

I have heard some frame Pareto’s analysis of the importance of “non-logical actions” as being in opposition to Mises and the praxeologists’ emphasis on purposeful action. But when you look at Pareto’s definitions, the theories seem complimentary, rather than contradictory.

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Reimu

@EconReimu

3 months

Milei declares war against Neoclassical economics

Agarra la Pala

@agarra_pala

3 months

"Por lo tanto... ¡FUERA LA TEORÍA NEOCLÁSICA!" @JMilei #LaLibertadAvanza

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Reimu

@EconReimu

28 days

Microeconomics professors making students derive the ugliest Marshallian demand functions known to man on the exam

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Reimu

@EconReimu

12 days

I don’t know about you, but I could make a pencil all on my own tbh

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Reimu

@EconReimu

2 months

Found a [Ronald] Knox Translation Bible

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Reimu

@EconReimu

3 months

I am a sucker for cute girls with round glasses

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@EconReimu

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@EconReimu

3 months

Paul Samuelson’s review of the Polo Shirt on the Mises Store

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@EconReimu

1 month

The Per Theory of Capita

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Reimu

@EconReimu

1 month

I appreciate Mises's clarity when dealing with concepts that are often confused. In 4 pages, Human Action Ch. 15 §2 clearly lays out capital goods, capital, income, and savings; relates the terms to how they are used in business; and disabuses faulty notions like "real capital."

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Reimu

@EconReimu

1 month

Savings is a drain to the economy's circular flow. How can businesses produce anything without consumers spending money to fund it? As Keynes writes: "Every ... attempt to save money by reducing consumption will so affect incomes that the attempt necessarily defeats itself."

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Reimu

@EconReimu

2 months

I got a used copy of Schumpeter’s History of Economic Analysis. There is no doubt in my mind that this book is a used copy.

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Reimu

@EconReimu

2 months

@TheYcOrg As an economist, JS Mill wrote some good stuff on the wage fund and the importance of savings, which completely blow up the Keynesian Circular Flow and the idea that wages (and other production inputs) are supported by consumption spending.

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Reimu

@EconReimu

4 months

“It’s so over” - Ludwig von Mises