3 ms·

Is it falsifiable ? Is it testable even ?

• AndrewDucker 8y ago
  When people are proven wrong, does the conversation move forward, or do large swathes of people grip onto their beliefs anyway?
  • presscast 8y ago
    That has nothing to do with whether or not something is a science.
    • TheOtherHobbes 8y ago
      It is when the people who don't move on are the people doing the "science."
      • presscast 8y ago
        No, even then it has nothing to do with whether or not the subject of debate is scientific. Bad deontology on the part of an individual doesn't discredit the field as a whole.
• throwawaymath 8y ago
  Theoretically, yes it is falsifiable. If you had sufficient data about a system you could perfectly forecast micro- and macroeconomic results. Now, is it testable? Only in a very limited sense. You can suss out trends in a decently empirical way, but because you're working with independent agents you can't really get sufficient data to obtain rigorous results. Economics is not unlike high energy physics in these respects. You can move the needle in legitimate ways, but there are very hard restrictions that make it more difficult to make rigorous observations.