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> ...economics is the study of something that is 100% man-made I take exception with the idea that economics is a human construct. Economics, in the broader se
by bko 12y ago
> ...economics is the study of something that is 100% man-made
I take exception with the idea that economics is a human construct. Economics, in the broader sense of the term is about decision making and getting most out of limited resources.
Macro-economics is probably more like story telling or history rather than a hard science. It's a shame that it went the quantitative route over the years. No one tries to attribute an R^2 to a general's decision and their outcomes. I think modern macro-economics is suffering from scientism.
From Wikipedia: Scientism is belief in the universal applicability of the scientific method and approach, and the view that empirical science constitutes the most authoritative worldview or most valuable part of human learning to the exclusion of other viewpoints