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Math can be brief, you don't need to run experiments and interpret them. Physics can (often) perform the same experiment over and over in different circumstanc
by ktRolster 10y ago
Math can be brief, you don't need to run experiments and interpret them.
Physics can (often) perform the same experiment over and over in different circumstances to resolve a question quickly.
Economics can perform an experiment once every decade, or even once every half century. For example, what would be the effect of the US government sending cash to every US citizen? We've done that three times, once under Carter, once under Bush, and once under Obama. The data needs to be analyzed thoroughly to see as much as possible the effects of the stimulus, and what was coincidence.
You can't produce a "great depression" on demand; you have to wait for the next one to come along. In the mean time, you talk about it.
- D-Coder 10y ago"You can't produce a "great depression" on demand." Well, I think you could (eg remove all banking regulations), but you probably don't want to do that.