3 ms·
Economics claims to be a science, complete with mathematical laws to back up claims. In reality, a huge number of economic papers are cherry picking data to fit
by primer42 3y ago
Economics claims to be a science, complete with mathematical laws to back up claims. In reality, a huge number of economic papers are cherry picking data to fit their claims.
Check out https://theconversation.com/the-reinhart-rogoff-error-or-how-not-to-excel-at-economics-13646 https://theconversation.com/the-reinhart-rogoff-error-or-how... to learn how the 2010 paper that governments around the world have used to justify austerity measures omitted data from Australia, Austria, Belgium, Canada and Denmark. Once those countries are included, the result completely flips.
Woops guess all the major powers had an oppsie for the last decade.
- WillPostForFood 3y agoEconomics claims to be a science Not really. A social science maybe. Most economics schools sit in the liberal arts departments of universities. Plenty of economists have egos big enough to talk like their work is science, but I'd challenge you to provide a modern example of an economist defending economics as an actual science.
- littlestymaar 3y ago> but I'd challenge you to provide a modern example of an economist defending economics as an actual science. Friedman is the most famous example of that, and he unfortunately managed to convince most of his kind that they were actually scientists. The few Econ PhD I know were definitely holding that view and one even compared people questioning the scientific nature of economic to anti-vaxxers.