The Courtiers of Confusion: A Reply to Wysocki and Block

Authors

  • MARK R. CROVELLI

DOI:

https://doi.org/10.52195/pm.v19i2.821

Abstract

Igor Wysocki and Walter Block have offered a critique of my subjective definition for probability. In this article, I offer a detailed exposition of Wysocki and Block’s mistaken critique. I focus on the logical incoherence of their argument, as well as the inconsistency of their argument with Ludwig von Mises’s own ideas about probability. I also describe how Wysocki and Block have built their argument on a mistaken view of what subjectivists believe as well as a mistaken view of what the brothers von Mises held. I thus argue that Wysocki and Block have failed to redeem Ludwig von Mises’s approach to
probability

References

Crovelli, Mark R. (2009): “On the Possibility of Assigning Probabilities to Singular Cases, or: Probability is Subjective Too!” Libertarian Papers 1, 26.

— (2009): “Has David Howden Vindicated Richard von Mises’s

Definition of Probability?”, Libertarian Papers 1, 44.

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— (2011): “Can Probability Be Subjective and Objective at the Same

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— (2012): “All Probabilistic Methods Assume a Subjective Definition of Probability.” Libertarian Papers. 4(1): 163-174.

Good, I.J. (1983): Good Thinking: The Foundations of Probability and Its

Applications. Minneapolis, Minn.: University of Minnesota Press.

Hans-Hermann Hoppe (2007): “The Limits of Numerical Probability: Frank H. Knight and Ludwig von Mises and the Frequency

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, No. 1 (Spring): 3-21.

Mises, Richard von (1981) [1957]: Probability, Statistics and Truth. 2nd

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— (1985): Theory and History. Auburn, Ala.: Ludwig von Mises

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— (1996) [1949]: Human Action: A Treatise on Economics. 4th rev. ed.

Irvington-on-Hudson, N.Y.: Foundation for Economic Education.

Wysocki, Igor & Walter Block (2020): “Crovelli on Probability: A

Critique.” Procesos de Mercado: Revista Europea de Economía

Política Vol. XVII, n.º 2, Otoño. pp. 245 a 272

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Published

2023-02-20 — Updated on 2023-02-20

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How to Cite

The Courtiers of Confusion: A Reply to Wysocki and Block. (2023). REVISTA PROCESOS DE MERCADO, 19(2). https://doi.org/10.52195/pm.v19i2.821