Unlike physics or chemistry, which has a heavy empirical backing and a degree of rigor in the application of logic, economics is founded on many axioms and assu

Unlike physics or chemistry, which has a heavy empirical backing and a degree of rigor in the application of logic, economics is founded on many axioms and assumptions which usually don't hold up to scrutiny and undermine the field's ability to make accurate predictions. The entire finance market was an ediface built on theories with the the assumption that prices arrive to some analytical equilibrium and describes nothing of how prices change over time. And in order to price derivatives, the Black-Scholes model ignores any statistical moments other than mean and variance. These abstractions get shakier the higher you go up. Building abstractions when your foundation is questionable is building a house a house on sand. Don't be surprised when it collapses, as it did in 2008, and the spectre of wealth you perceive reveals itself as an illusion.