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I like that you're debunking Psychology for what it is, but if you still think Economics is a science, you're not quite there yet. For something to be a science
by innguest 12y ago
I like that you're debunking Psychology for what it is, but if you still think Economics is a science, you're not quite there yet. For something to be a science it needs to make falsifiable claims. Nothing in Keynesian economics is falsifiable, and in fact following the news and watching them pulling excuses out of their hats is an endless source of entertainment to me.
- JacksonGariety 12y agoI agree with you that the hallmark of what is "scientific" is "falsifiable claims through inductive reasoning." But if this is the case, then economics and sociology are both pseudosciences; they're wrongly called "social sciences" though they are not falsifiable!
- innguest 12y agoThat's right, we're in agreement there. As an Austrian economist I consider economics to be purely an a priori deductive process. However, positivism pushes people to make a science out of everything. So most people, even here at HN, want to believe economics is a hard science, and that you can use mathematical formulas to know in the future how many people will be out of a job. At the very least, it's funny watching otherwise atheists struggling to justify the deeds of their Earthly gods.