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by tmpz22 558 days ago
We should scrap economics?
2 comments

TBF, western economics is a joke compared to the other social sciences. It needs to be fused with sociology or political science to make a lick of sense.
> western economics is a joke compared to the other social sciences

Rejecting empirically-proven supply-demand pricing models (no DSGE, I’m talking supply chain models that predict end prices) because it’s politically inconvenient is exactly the sort of nonsense the social sciences are criticised for.

> Rejecting empirically-proven

I thought we were discussing science here? Get out of here. Go read some Hume.

> thought we were discussing science here? Get out of here. Go read some Hume

It's pointed phrasing, but it works. When we have overwhelming evidence for a phenomenon that has solid theoretical foundations, it's fair to say it's empirically proven. Not absolutely or mathematically proven. But if you've read Hume or even Popper, you already know that.

The core point remains the case: a lot of economics is uncomfortable for some people (there isn't a strong partisan leaning to this tendency, in my experience) and so they come up with elaborate arguments for why that evidence should be discarded. The top comment illustrates this [1].

[1] https://news.ycombinator.com/item?id=42408895

Maybe? Has it produced any actionable results? I mean the research results produced by economists aren't necessarily wrong, but since policy makers just ignore the research anyway then what's the point of funding it?
Let’s peel away facade of the rhetorical questions here and look at what you’re actually saying. Now, a massive, MASSIVE [[citation needed]] is in order.
That's not how this works. The questions I asked were not rhetorical and almost entirely subjective. Citations aren't necessary.