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comment by user-inactivated
user-inactivated  ·  2460 days ago  ·  link  ·    ·  parent  ·  post: By fetishising mathematical models, economists turned economics into a highly paid pseudoscience

    and also a "thinnest fat man" descriptor.

Unrelated, but - did I hear your disliking social sciences? Why, if so?





kleinbl00  ·  2460 days ago  ·  link  ·  

No.

The kernel of the argument I agree with is that economics, in the United States, is accorded more of a hard science reputation than anthropology, sociology, psychology etc. in no small part because economics uses more equations. It makes sense if you think about it - economics is the only soft science whose basis is numerical (money).

However, it remains a social science that largely attempts to quantify behavior. That there are more numerical inputs for economics than there are for anthropology does increase the number of equations thrown about when comparing economics and anthropology. The author's argument is that the easy availability of numbers and equations causes the "soft science" of economics to consider itself a "hard science" like physics or chemistry.

But I didn't use the term "pseudoscience" and I wasn't bitching about the remuneration of college economics departments. As far as I'm concerned, if you want the guy who ran Vanguard for 28 years to teach at your school you're bloody well going to pay him better than anyone in the dept of Divinity - when you've got four trillion dollars under management your incentive structure is a little different than when your high water mark is cardinal at some diocese.

I agree with the author that economics should not be considered alongside other branches of science that are numerically-driven. I disagree with the author that terms like "pseudoscience" and "astrology" can be casually thrown around - economics isn't as rigorous as physics, but anybody comparing anthropology to astrology would be driven out of academia.

user-inactivated  ·  2460 days ago  ·  link  ·  

You lay out quite a lot of experience. Did you read about all of this? I seem to remember your official education being something in design and/or construction and/or engineering.

kleinbl00  ·  2459 days ago  ·  link  ·  

I'm gonna guess this is one of those instances where you don't realize how antagonistic you're being.

You started this conversation by positing a position I don't hold, and then asking me to defend that position. I clarified my opinion. Now you are assaulting the validity of that opinion by questioning my education.

So I'll turn it around: why am I not allowed to have an opinion about this? Why are my arguments not sufficiently rigorous to stand on their own merits? If someone can make a valid mathematical proof, does their background matter? After all, it didn't matter for Ramanujan.

I'm not hypothesizing new forms of economics here: I'm arguing that the science of economics, much as I personally criticize it, is not worthy of the disdain being heaped upon it by the author of this article. And frankly, I'm at a loss as to why I'm under attack for doing that.

user-inactivated  ·  2459 days ago  ·  link  ·  

You're confusing my sincere curiosity for antagonism. You're a highly-educated person whose knowledge lies beyond what the diploma might suggest. I'd like to know how you got there.

Please, don't suggest that I'm doing something out of ill intent if I ask a question - especially of you, since you know damn well what I think about you. I'm already barely talking around here to not upset people.

kleinbl00  ·  2459 days ago  ·  link  ·  

This is important: people act on their perception of what you say, not on what you intend to say. In this instance, I'm informing you that my perception of what you say mismatches with what (I suspected) you intended to say. And again, in this instance I'm giving you the benefit of the doubt... but it's important that you hear me when I tell you that you're coming across more antagonistic than you intend. We've talked about this. It's not a problem that's limited to me. There are ways to ask these questions that are less likely to raise hackles and I'm simply attempting to inform you that your goals would be best served by using more neutral language.

_____________THAT OUT OF THE WAY____________________

One of the tropes of the 2008 recession was "no one saw this coming." Having followed real estate blogs since 2006 which, to a man, were predicting the impending implosion of the real estate market, I knew this to be untrue. One of the other tropes of the 2008 recession was "no one can really explain how this happened." With one trope being handily disproven, I suspected this was also untrue.

Thus began a self-guided tour of popular financial literature which led to a layman's education in economics. One of the interesting things about economics is that because it's basically "math for business majors" it's a lot more accessible than you'd think. Not only that but because many of the more recent theories in economics are contentious, the accepted stuff tends to be simple and accessible.

I have 49 books in my Audible library dealing with economics, socioeconomics, economic history, management or business. I've read 46 of them. This does not a degree make but I feel it gives me a basis to have an opinion.

user-inactivated  ·  2459 days ago  ·  link  ·  

...you have got to be shitting me.

I'm breaking my neck trying to just break onto the level y'all naturally reside in - just trying to be a tad more normal - and you're giving me shit because you jimmies got rustled over getting asked a fucking question about your extensive education?

"More neutral language".

Lemme break it down for you.

"You lay out quite a lot of experience". Premise. Expression of admiration for knowledge.

"Did you read about all of this?". Question.

"I seem to remember your official education being something in design and/or construction and/or engineering". Reason for questioning.

"More neutral language" my ass. Turn this more neutral - you'll end up with binary. Have to tiptoe around your landmine already just to get a fucking answer out of you - and that still ain't good enough.

Fuck this shit. Can't catch a break worth a dime for being myself.

Devac  ·  2460 days ago  ·  link  ·  
This comment has been deleted.
StillWaters  ·  2459 days ago  ·  link  ·  

It is interesting how people seem focused on changing the term "science" so as to exclude almost anything that isn't related engineering, mathematics and technology. That is a new trend and coincides with the rise of IT. It is, I believe, a development aimed at raising the status of the aforementioned fields by diminishing other fields.

Science is not a term linked to mathematics. Science is:

    1: the state of knowing : knowledge as distinguished from ignorance or misunderstanding

    2a : a department of systematized knowledge as an object of study the science of theology; b : something (such as a sport or technique) that may be studied or learned like systematized knowledge have it down to a science

    3a : knowledge or a system of knowledge covering general truths or the operation of general laws especially as obtained and tested through scientific method; b : such knowledge or such a system of knowledge concerned with the physical world and its phenomena : natural science

Sociology, economics, psychology, medicine are all sciences.

kleinbl00  ·  2458 days ago  ·  link  ·  

The term used is STEM and with the rise of STEM, other(?) soft(?) social(?) sciences are definitely being deprecated. The argument here is that economists, based on their use of math, are attempting to end up in the STEM bucket rather than the social science bucket.

StillWaters  ·  2451 days ago  ·  link  ·  

Economics as a study pre-dates many STEM fields as academic study.

user-inactivated  ·  2459 days ago  ·  link  ·  

If Alice does Bob's horoscope and Bob, believing it to predict his future, acts in accordance with it, then Alice's horoscope accurately predicted Bob's future behavior. I don't think comparing economics to astrology is unfair.

kleinbl00  ·  2458 days ago  ·  link  ·  

Alice isn't attempting to determine Bob's behavior. Alice is attempting to determine the influence of the heavens on the events that surround Bob. There is no scientific method that connects the world around Bob to Alice's observations.

If Carol studies Bob's reactions to Alice's predictions, Carol is a sociologist.