Economics is not sufficiently reality based . . .

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Post #321,581 by Andrew Grygus 2/17/10 2:25:57 AM Reply	Economics is not sufficiently reality based . . . . . to be compared to witchcraft.
Post #321,582 by jake123 2/17/10 3:08:50 AM Reply	Personally, I think that it depends on the economist's general approach. Those that take a historical approach have a lot more weight with me: "this situation is relevantly similar to these situations in the past; people in these situations tried these solutions: here's how they worked out." Those that depend entirely on models always struck me as being relevantly similar to bands that built songs by formula; it might have the appearance of a good song, but usually wasn't... and when it was, it was usually a case of hitting the odds from time to time. It's why I still look at Marx and Keynes with respect.
Post #321,588 by boxley 2/17/10 8:57:58 AM Reply	too bad it only applies to economists not climatologists :-) If we torture the data long enough, it will confess. (Ronald Coase, Nobel Prize for Economic Sciences, 1991)
Post #321,591 by jake123 2/17/10 9:31:24 AM Reply	That's why I pay attention when they say that CO2 and global temperature are strongly correlated in the paleological record :)

Economic theory is based on faulty mathematics. - (Another Scott) - (27) - Feb. 17, 2010, 12:10:01 AM EST

Economics is not sufficiently reality based . . . - (Andrew Grygus) - (3) - Feb. 17, 2010, 02:25:57 AM EST

Personally, I think that it depends on the economist's - (jake123) - (2) - Feb. 17, 2010, 03:08:50 AM EST

too bad it only applies to economists not climatologists :-) -NT - (boxley) - (1) - Feb. 17, 2010, 08:57:58 AM EST

That's why I pay attention when they say that - (jake123) - Feb. 17, 2010, 09:31:24 AM EST

That got complex *very* quickly. - (static) - Feb. 17, 2010, 07:31:04 AM EST

Appears to be - (beepster) - (21) - Feb. 17, 2010, 10:44:19 AM EST

I thought that might get a rise out of you. ;-) - (Another Scott) - (15) - Feb. 17, 2010, 11:18:02 AM EST

hmm, Mises by the backdoor -NT - (boxley) - Feb. 17, 2010, 11:25:45 AM EST

I know who he is... - (beepster) - (13) - Feb. 17, 2010, 04:03:53 PM EST

I read it a little differently. - (Another Scott) - (12) - Feb. 17, 2010, 08:32:58 PM EST

like I always said about climate models - (boxley) - (11) - Feb. 17, 2010, 09:09:22 PM EST

The analogy is bad. - (Another Scott) - (10) - Feb. 17, 2010, 09:32:52 PM EST

What makes economics very different from physical sciences - (drook) - (6) - Feb. 17, 2010, 10:03:07 PM EST

welcome to quantum physics -NT - (boxley) - (5) - Feb. 17, 2010, 10:37:31 PM EST

That's not how quantum physics works. - (Another Scott) - (4) - Feb. 17, 2010, 11:21:31 PM EST

Re: That's not how quantum physics works. - (boxley) - (3) - Feb. 17, 2010, 11:25:44 PM EST

Economics is not falsifiable -NT - (drook) - (1) - Feb. 17, 2010, 11:37:31 PM EST

What? ever hear of ponzi? -NT - (boxley) - Feb. 18, 2010, 11:07:50 AM EST

It's both. - (Another Scott) - Feb. 17, 2010, 11:44:17 PM EST

climatology isnt herd mentality? bwahahahaha - (boxley) - (2) - Feb. 17, 2010, 10:35:39 PM EST

So run it against history. - (Another Scott) - (1) - Feb. 17, 2010, 10:49:16 PM EST

thanx, downloaded will review -NT - (boxley) - Feb. 17, 2010, 10:57:10 PM EST

I don't think so - (drook) - Feb. 17, 2010, 11:33:17 AM EST

Re: Appears to be - (What-are-Dice?) - (3) - March 28, 2010, 06:00:46 PM EDT

Welcome - (crazy) - March 28, 2010, 06:51:35 PM EDT

Introduce yourself, please! - (folkert) - March 28, 2010, 08:45:38 PM EDT

welcome to the non herd -NT - (boxley) - March 29, 2010, 08:57:51 AM EDT

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He calls himself my towel boy.
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