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Please don’t generalize my arguments to scientific method as such, I am just talking about economy. A real-world economy is a wildly nonlinear system, a bit lik
by zoul 13y ago
Please don’t generalize my arguments to scientific method as such, I am just talking about economy. A real-world economy is a wildly nonlinear system, a bit like the weather. And there’s always something important you may fail to take into account, like the role of the private financial sector in the recent economic crisis. You may argue that we are now wiser and our models better, but the plain fact is that the degree of correspondence between our models and the real economic world is very poor. When you tweak a model for such a complex system, how do you scientifically know it’s better for predicting the future behaviour? It’s madness to think that you could reasonably model what would happen after introducing a minimal income.
- Radim 13y agoI agree with you, but that changes nothing. You're basically saying that economy is not science, in the sense above. Which I agree with. It is madness. This doesn't mean that things outside science cannot be useful -- just that it's not science.
- zoul 13y agoYes. Thank you. See also the nearby quotes by JackFr, http://goo.gl/jjYR54 http://goo.gl/jjYR54. That about sums my point succintly.