Economics is at worst a complete pseudoscience, at best it’s a social science on the level with sociology and anthropology, but economists like to pretend it’s comparable to physics and chemistry.
One of my econ professors used to constantly note that we used some of the same formulas that are used in physics as a way to imply that neoliberal economics are some kind of natural, unfalsifiable system. The tools can be useful, but yeah some of the true believers genuinely think that our man made systems are universal truths.
It is a social science. But again, you’re not making a good point. It was thanks to economists that, for example, the USSR managed to have unprecedentedly fast industrialization and growth that ultimately enabled the defeat of the Nazis. Without concepts like the Fel’dman model, or the work of Gosplan (remember, economics), none of that would have been possible.
Economics are a real science. Neoliberal economics aren’t.
Economics is at worst a complete pseudoscience, at best it’s a social science on the level with sociology and anthropology, but economists like to pretend it’s comparable to physics and chemistry.
One of my econ professors used to constantly note that we used some of the same formulas that are used in physics as a way to imply that neoliberal economics are some kind of natural, unfalsifiable system. The tools can be useful, but yeah some of the true believers genuinely think that our man made systems are universal truths.
I used some formula from physics to calculate my IQ and I have an IQ of 2 million which is pretty incredible. And that’s just physics.
ifuckinglovescience
It is a social science. But again, you’re not making a good point. It was thanks to economists that, for example, the USSR managed to have unprecedentedly fast industrialization and growth that ultimately enabled the defeat of the Nazis. Without concepts like the Fel’dman model, or the work of Gosplan (remember, economics), none of that would have been possible.
I save my disdain for “Business studies” and MBA’s, since there are Marxist economists
economics being a social science doesnt make it less real