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by dr_doom 4786 days ago
I agree completely. I studied Finance but had a work study with an econ professor and was amazed at how much hand waving existed in their economic models.

I felt like I was charting very simple things(gdp, oil prices, ect) and he would come up with his own suspect analysis off that limited info.

The worst part was that this guy had had a high ranking position in the presidents cabinet!

1 comments

I don't really see the problem with that. The only problem I have is with people who do this and go around pretending that their numbers are neutral and speaking for themselves. From my standpoint Econ & Finance are social sciences where "reality" is always complexer than just the numbers.