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Can economics actually be scientific


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2015 Oct 30, 12:58pm   808 views  3 comments

by tovarichpeter   ➕follow (6)   💰tip   ignore  

http://phys.org/news/2015-10-economic-lab-similar-results-field.html

Daniel Herbst and Alexandre Mas with Princeton University, describe how they compared study results that used one or the other of the two methods and why they believe what they found likely translates to other studies as well. Gary Charness and Ernst Fehr with the Universities of California and Zurich respectively, offer a Perspective piece on the work done by the research pair in the same journal issue and offer some ideas on why the results from such studies were found to be similar.

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1   MisdemeanorRebel   2015 Oct 30, 2:49pm  

No, for the same reason Gender Studies can't be scientific.

Gender Studies is taught with little to no references about biology, hormones, human beings in their 'natural' (pre-civilizational state where the Homo Genus was for about a million years) state. As the Norway video showed, people with PhDs in Gender Studies often have no clue about the function of hormones in the body and insist that male and female brains are exactly the same, even though this has long since been disproven, from analysis of MRI scans of TG people to the effects of menopause, Steroid Use, hypogonadism, hypothyroidism, etc.

Economics is the same way. It uses the a priori guessing stories of 18th Century Philosophers who had never been to the New World about how primitives and ancient people lived and repeats them without verification in Textbooks despite a massive expansion of our knowledge of Iroqouis, Ancient Egyptians, Primitive Man, etc.. It privileges capital over labor, when you could reverse it since Labor is the base element behind production, long preceding the invention of capital. It refuses to use "3D" measurements and uses 2D pre-relativistic physics equations to explain extremely complicated aggregate activity. Some fringe economists even state that a priori guesses are superior to the antiquated mathematical methods used by mainstream Economists.

Gender Studies might be informative if it reformed to use more science and analyze actual data instead of ass pull feelings and guesswork, so too would economics.

Both enterprises are there to largely push a line, they are funded by heavily biased organizations, and the power of self-selection keeps it going.

For example, very few scientifically minded people who want to "go where the evidence" leads are attracted to Gender Studies. However, Camomille Tea drinkers who gush about microaggressions and nurse an inferiority complex about themselves along with more than 3 cats love Gender Studies.

2   Tenpoundbass   2015 Oct 30, 6:47pm  

Sure every economic system can be based on real numbers, math and science.
But to who's benefit that ecconomy best serves will always be upto debate.

3   HEY YOU   2015 Oct 31, 8:58am  

Printing physical/virtual fiat currency is the correct scientific method. It can always be tested & verified that people who believe in it are fucking idiots.

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