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by ianleeclark
2171 days ago
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Economics is a social science, not under the umbrella of humanities. Maybe subfields within economics like economic history could be in the humanities, but most micro and macro would be outside of it. There are a lot of overlapping fields between the two, but economics isn't in the humanities. |
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MMT and inflation theories in general are constantly brought up by politicians and they are junk science.
Piketty’s work on inequality is a glorified regression built on an unfounded assumption about the return on capital always outpacing inflation. That work dominates politicians discussing the wealth gaps and is used as “evidence” to tax the wealthy.
Some economics is great (e.g. Nash equilibrium) and is consistently reproducible and observable. That’s not the kind dominating headlines though.