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They're separable by experimental verification. The laws of physics are multiple orders of magnitude more accurate than the laws of economics, and the physicist
by Intermernet 6y ago
They're separable by experimental verification. The laws of physics are multiple orders of magnitude more accurate than the laws of economics, and the physicists are certain that at least one of their models is wrong.
Try getting an admission like that out of an economist!
- equivocating000 6y agoEconomics are an emergent property of human existence. Which economists math do we listen to? Those in love with profiteering? I suppose if that’s your side. The same way we are distributing information, we could better distribute literally to normalize human condition. But profits demand we fill stores with gadgets versus TP.
- ls612 6y agoAs economists we are certain all of our models are wrong! But some can be useful in a constrained environment to answer specific questions, so thats why we have so damn many of them!