3 ms·
Economics, like all social sciences is nowhere near as sound as the hard sciences. You simply cannot have control groups for many experiments so you are left wi
by bgorman 8y ago
Economics, like all social sciences is nowhere near as sound as the hard sciences. You simply cannot have control groups for many experiments so you are left with case studies, which are often unconvincing. For example, does a true free market really exist anywhere in the world? How about a 100% command economy? How can you honesty determine if the federal reserve helps or hurts the economy?
- msla 8y ago> Economics, like all social sciences is nowhere near as sound as the hard sciences. You simply cannot have control groups for many experiments so you are left with case studies, which are often unconvincing. You can say the same thing about paleontology, but do you seriously doubt the past existence of non-avian dinosaurs? > For example, does a true free market really exist anywhere in the world? How about a 100% command economy? You don't need perfect examples of things to observe what happens when economies closely approach those extremes. > How can you honesty determine if the federal reserve helps or hurts the economy? By observing how horrible the business cycle was prior to its existence.
- msla 8y agoI see disagreement by downvoting is in effect, which discredits the disagreement.