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> Economics is such a tragedy, because on the one hand it's so elegant and satisfying, but on the other it seems sufficiently incomplete to be considered broken
by cirgue 8y ago
> Economics is such a tragedy, because on the one hand it's so elegant and satisfying, but on the other it seems sufficiently incomplete to be considered broken.
The study of economics is as much a framework for asking questions as it is for answering them. National-level economic systems are inherently to complicated to do meaningful experiments on, so we don't get to use the tools we normally do to find our way. Economics isn't broken, but the view of economics as a sister to physics is.
- menacingly 8y agoI was being generous hoping it's on a similar path to physics, because even in earlier stages physics produced something other than fascinating thought experiments and directly conflicting advice.