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Math is closer to the humanities than economics is. Math is not empirical, with its expanding knowledge driven more by philosophical thinking than empirical ded
by saosebastiao 10y ago
Math is closer to the humanities than economics is. Math is not empirical, with its expanding knowledge driven more by philosophical thinking than empirical deduction.
Economics is not a hard science, and shouldn't be treated as such, but to claim it is more like the humanities is disingenuous. It is a social science. That is to say that it is still ultimately empirical, just that the empirical implications of working with humans makes the job a lot harder and ocassionally less repeatable (are we measuring innate human nature, or a fluid and ever changing culture?).
- AnimalMuppet 10y agoWe're measuring human behavior. The problem is that, as the circumstances change, humans change their behavior. That means that economic models only work as long as the economy keeps doing what it has been, so that the humans keep doing what they have been, which leads to an economy that continues to do what it has been...