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I’m an applied mathematician turned macroeconomist: what you accuse in your first two paragraphs is true, but it is not for want of trying. We just lack the inv
by qubex 9y ago
I’m an applied mathematician turned macroeconomist: what you accuse in your first two paragraphs is true, but it is not for want of trying. We just lack the invariants and symmetries that physicists luxuriate in. We literally have nothing more to work with than what statistics can measure, typically as ambiguous time-series with dozens of aggregate variables subject to wide observation errors and biases. It’s pretty awkward, and we’re very much aware of it.
- Nokinside 9y agoIt's still better to think and formulate hypothesis in math. It's easier to criticize and falsify. Even if the math is there to express an idea formally, it's time well spent.