[tsimionescu]

Note that this is business and economy academia, not real science. It's usually scientism at its peak: mathy explanations that use complex equations to describe poorly modeled phenomena and arrive at the previously decided on conclusion that the authors wanted to show. There's few other domains quite as smoke-and-mirrors as this (social sciences probably being the other, though they tend to at least steer clear of the complex math).

[Clamchop]

This is an ignorant take on social sciences and their use of math and statistics, so I assume you're also ignorant about the field of economics?