[vwfwerwetqwerqw]

Non-predictive analysis can't be used to make decisions, and therefore can't have any effect on the real world unless it is being used incorrectly. By their own argument, Austrian economics is a waste of time.

A dislike of stochastic models (however understandable in historical context) should not be taken seriously in the modern world. Complex chaotic systems are modelled through intensive probabilistic simulation all the time.

[jacques_chester]

I think it's a side-effect of the socialist calculation debate that's broken free of its roots.

Austrians make predictions all the time, however. Every new round of monetary expansion is going to end the world.