Anti-Capitalist Sentiment (with some morality)

[wufwugy]

Newton was wrong. But for a wide range of natural phenomenon, he was close enough. And the trick is that we have a way for Nature to tell us this. Something we don't have in Economics.

Plus, I've already made this point. Models are always wrong, but usually better than anything else. If you're lucky enough to build your model on assumptions that are pretty well observed and steady, and if you're lucky enough to test all the consequences of your model against reality, then you're a science. But Economics is not so lucky.

The thing is that while I'm okay with saying "sure" to this, I don't think this is the entirety of what's going on with your argument. Sometimes it sounds like you're saying "economics is really tough therefore economists don't know shit".

[a500lbgorilla]

The thing is that while I'm okay with saying "sure" to this, I don't think this is the entirety of what's going on with your argument. Sometimes it sounds like you're saying "economics is really tough therefore economists don't know shit".

Economics is really tough, therefore economists don't know shit.* They've a better sense than anyone not studying Economics, though.

Edit: Alright, I can't be so grandiose. They know some things. I'm pretty sure a lot of micro stuff is pretty solid.

*Let me put it this way: It's much easier to convince everyone that you're right, than to actually be right.