3 ms·
To my economics is one of the peak science "cargo cults" it would seem that if there was some sort of science behind it many of the experts would all agree on t
by buscoquadnary 4y ago
To my economics is one of the peak science "cargo cults" it would seem that if there was some sort of science behind it many of the experts would all agree on the same thing, yet the argument between Austrian and Kenseyian economics is alive and well.
I studied economics for a long time got deep into it, and what I've concluded is that it has much more in common with Philosophy than science. They dress it up with words and charts and formulas but it always seem that what they say doesn't pan out.
I'll agree with the idea of supply and demand that seems to work pretty well in most cases to describe things, but beyond that the economy is such a complex system it is too chaotic to model with any degree of accuracy.
- readthenotes1 4y agoYou are much kinder than I am. I believe it has much more in common with astrology than philosophy. In fact, it is hard for me to differentiate between the two.
- marcosdumay 4y agoIt would help if the people that actually know it and want to honestly speak about it had a voice, instead of politically oriented talking heads and entertainers.