Two years ago as part of a class, philosophical issues of sustainability, I wrote a term paper called Rational Sustainability. At the time, I had just finished my derivation of statistical economics while being frustrated at the lack of rigor in microeconomic/macroeconomic theory, I was taking a graduate micro-econ course at the time. I had not yet discovered Austrian economic theory, and as part of my work in deriving statistical economics found Austrian economics and have since come to appreciate it.
The sustainability philosophy class was eye opening for me. The professor on the second day said that he thought we should abandon methodological individualism, MI. His reasoning here was I think due to his need to advance his concept of sustainability, and that by holding on to MI we could not achieve his vision sustainability. It took me a good solid minute to extract my jaw from my desk and to look around the class. I was the only one who was shocked and who saw this as a terrible course of action to seriously consider. I saw it as an abandonment of reason. I see it now as the guarantee of a Malthusian future. My survey of the class has since jaded my outlook on the future of higher education in this country. Continue reading