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> Ultimately, my main point is that economics is so hard that even our best results are pretty bad, and marginally useful. That’s a very interesting point. Mos
by mcrad 8y ago
> Ultimately, my main point is that economics is so hard that even our best results are pretty bad, and marginally useful.
That’s a very interesting point. Most would consider Econ a “soft science” because it is less like physical science e.g. Chemistry. Weird how people like to flip the script for some sorta political gain. Yes, in the soft sciences it is more difficult to reach conclusions as compared to fields like biology, but should we say that makes them more harder?
- TeMPOraL 8y agoOoops, I tried so much to avoid using word "hard" for multiple meanings, and I failed. What I wanted to say is that economics is a "soft science", in the same sense physics is "hard science". Also, that economics is a difficult science dealing with complex phenomena, in the same sense that physics is an easy science dealing with simple phenomena.