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One of the most painful parts of Economics is how many mathematicians there are in the field. They treat discovery science as hypothesis science, and try to for
by stephengillie 8y ago
One of the most painful parts of Economics is how many mathematicians there are in the field. They treat discovery science as hypothesis science, and try to force reality fit their model - instead of gathering data about the real world first. Thus, we get models of Marginal Demand that don't include "not having enough money to buy something".
Edit: if this comment is unhelpful, please suggest an update.
- angrow 8y agoI find it helpful, or at least informative, but since it confirms the model I already had of the field my opinion may not be trustworthy.
- antidesitter 8y ago> Thus, we get models of Marginal Demand that don't include "not having enough money to buy something". Which models?
- stephengillie 8y agoMost of them, especially those developed before the 2000s.
- antidesitter 8y agoCan you be more specific? “Not having enough money to buy something” sounds like a pretty important factor to miss.