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New Re: Appears to be
The baby is tossed out with the bathwater, and in it's place, people like jake123 substitute methods of knowledge acquisition that are prone to the same (and often worse) problems caused by "approximation". I don't like it when people use a legitimate criticism of one thing to imply a legitimate defense of an alternative.

"B" has this flaw--therefore we must use "A" doesn't make sense, especially when "A" has the same problems in greater magnitude than "B".

To Wrap it up:

1. Economics is not science--it is trying to become a science.
2. This means that historicism, Austrianism, Keynesianism and Monetarism are all non-sciences.
3. If you defend one over the other you do so for emotional reasons--unless one is actually capable of predicting novel facts.
New Welcome
Nice starting post.
Slightly overly aggressive for a newcomer, but fit in with the flow of the thread.
New Introduce yourself, please!
We like to know whom we argue with!
New welcome to the non herd
If we torture the data long enough, it will confess. (Ronald Coase, Nobel Prize for Economic Sciences, 1991)
     Economic theory is based on faulty mathematics. - (Another Scott) - (27)
         Economics is not sufficiently reality based . . . - (Andrew Grygus) - (3)
             Personally, I think that it depends on the economist's - (jake123) - (2)
                 too bad it only applies to economists not climatologists :-) -NT - (boxley) - (1)
                     That's why I pay attention when they say that - (jake123)
         That got complex *very* quickly. - (static)
         Appears to be - (beepster) - (21)
             I thought that might get a rise out of you. ;-) - (Another Scott) - (15)
                 hmm, Mises by the backdoor -NT - (boxley)
                 I know who he is... - (beepster) - (13)
                     I read it a little differently. - (Another Scott) - (12)
                         like I always said about climate models - (boxley) - (11)
                             The analogy is bad. - (Another Scott) - (10)
                                 What makes economics very different from physical sciences - (drook) - (6)
                                     welcome to quantum physics -NT - (boxley) - (5)
                                         That's not how quantum physics works. - (Another Scott) - (4)
                                             Re: That's not how quantum physics works. - (boxley) - (3)
                                                 Economics is not falsifiable -NT - (drook) - (1)
                                                     What? ever hear of ponzi? -NT - (boxley)
                                                 It's both. - (Another Scott)
                                 climatology isnt herd mentality? bwahahahaha - (boxley) - (2)
                                     So run it against history. - (Another Scott) - (1)
                                         thanx, downloaded will review -NT - (boxley)
             I don't think so - (drook)
             Re: Appears to be - (What-are-Dice?) - (3)
                 Welcome - (crazy)
                 Introduce yourself, please! - (folkert)
                 welcome to the non herd -NT - (boxley)

Blaphemer!
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