16
Jan
2014
Three-Dimensional Representation of von Mises’ View on the Yield Curve
No joke, von Pepe sends me this right from Wikipedia:
I suppose some of you purists will insist on seeing the context. But I am not kidding, that diagram is taken right from Wikipedia. It showcases the von Mises Yield Curve.
Voice: Lu, your brother died.
Lu: He was a positivist.
LOL! Actually had to learn that in college.
I always imagined that dinner time conversations at the von Mises’ household were very heady experiences.
Being in the failure analysis field I get to put this curve to use on a daily basis. Thanks for the post Bob.
Yeah, that’s one thing economics is in sore need of, a quantifiable unambiguous FAILURE CRITERIA.
That’s from Mises’s brother Richard von Mises right?
yes
I remember arguing with someone in my mechanical engineering program about economics. He told me to go read Das Kapital, so I told him to read some Mises. All I got in response was, “Like the von Mises stress…?”. *facepalm*
Looks like a space gun used by the Justice League.
This can help non-Austrians understand the fundamental problem of plasticity calculation.
It’s really interesting that the von Mises brothers went in such different directions regarding math. However, I always found Mises’ economic thinking to have a rigorous and clear mathematical style to it-even if he wasn’t actually using math.
“Math” is not arithmetic. Logic is a branch of mathematics. There is nothing unmathematical about reasoning deductively.