Proponents adamantly claim that it is both new and a theory of economics. To make it appear this way, they dress the ideas in unusual-sounding jargon and use rhetorical tricks. For example, instead of presenting actual arguments or responding to direct questions, they present a circular flow of deepities. To top it off, they, at least in my humble

In short, the essential relationships that choice brings about between what exists and what could have existed instead are the counterfactual laws of human action. Since the choices that are actually taken stand in counterfactual

In our proper condemnation of scientism in the study of man, we should not make the mistake of dismissing science as well. For if we do so, we credit scientism too highly and accept at face value its claim to be the one and only scientific method. If scientism is, as we believe it to be, an improper method, then it cannot be truly scientific.

Look, here's the crux of it.

When you and I go out to buy stuff, whether that's food, or real estate, or stock in companies, or when we make loans, or whatever else, those things have prices. We use these prices to evaluate how much of this stuff we can afford. If this thing we're buying costs a greater share of our wealth than we're comfortable dedicating to it, we