François-René Rideau (fare) wrote,
François-René Rideau

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Fallacy of the day: Accounting Fallacy

One of the most frequent fallacy amongst statists is the fallacy of dynamic contradiction. The reason being that statists don't understand dynamics: they indulge in accounting fallacies.

A lot of nevrotic behaviour is related to this accounting tendency of assigning blame and praise for past facts, where there should be economic reasoning of allocating resources to some or some other future alternative.

Could anyone make a first pass at translating my article raisonnement économique contre sophismes comptables ("economic reasoning vs accounting fallacies")? The more I discuss with various people, the more I realize that the difference is not clear to them.

Tags: accounting, dynamism, economics, en, fallacies, libertarian, statism, translation
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