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I’ve studied Economics. It took me a while to realize that it’s far from a deterministic science despite all the fancy math and models (my first clue should hav
by vincentmarle 7y ago
I’ve studied Economics. It took me a while to realize that it’s far from a deterministic science despite all the fancy math and models (my first clue should have been that it’s in the department of “Social Sciences”, doh!). I wish more of my time was spent learning chaos theory, probability, and systems thinking, rather than solving Lagrange multipliers by hand. I have learned a lot more from reading Nassim Taleb’s books than I ever did in those years in college. So if you want to make sense of the economy, start with learning how much of it doesn’t make sense. Start with Nassim Taleb’s books (any book of The Incerto will suffice).
- aguyfromnb 7y ago>my first clue should have been that it’s in the department of “Social Sciences”, doh! Because judging a subject based on it's faculty classification is oh-so-scientific. Economics is a scientific study of social phenomenon; where else would you like it to be placed?