Have to love this meme
this post was submitted on 20 Aug 2023
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This implies psychology is not a hard science.
Just because a physicist wouldn’t know how to do science in a realm as complex as psychology doesn’t mean psychologists don’t know how to.
Only thing any of them share in common is that they link back to the Wikipedia page for Philosophy.
Ceteris paribus, or all things equal is a super common economics phrase. It's basically impossible to maintain in the real world. Economics used to be considered philosophy for a reason. As someone with a economics degree I do pretty much agree with you.
The "hard science" part of it is using past data to build models. You're still more or less trying to tie the figures into a theory of why they happened that may or may not be true. There are so many factors it's impossible to know. For instance I truly believe that the stronger anti-monopoly enforcement and higher taxes played a major role in America's success and the rise of the middle class from post WW2-80s. I have to admit that there are an insane amount of other factors at play here that might invalidate all the trends during the same time though. Every other developed countries info structure being bombed to the ground giving the US a huge start not being the least of which.
Economy is pseudo-science. Change my mind.
Economics is just a tool of politics.
I more believe that physics governs economies. Meanwhile, economics provides insights into how the resources are done by physics.
Ah yes, let me use my Lagrangian to optimize the system, because this is what psychologists do.
Now that we did that, let's take the derivative of the rectangular area of this curve to maximize it, like a psychologist would.
Definitely. I've seen examples of economists failed attempts at math. It explained a lot about the state of the economy.