At university, I faked a paper on economics (not actually my branch of study, but easily to fake) and put it on the shelf in their library. It was filled with nonsense formulas that, if one took the time and actually solved the equations properly, would all produce the same number as a result: 19920401 (year of publication, April Fools Day). I actually got two requests from people who wanted to use my paper as a basis for their thesis.
Since when is a Nobel prize winner admitting they were wrong and did not know enough any sort of “proof” that a whole discipline is not real? Get off your high horse…
I studied economics, none of it was purely psychology, and it was quite intense mathematically. It seems people conflate the discipline with business courses and assume it is just buzzwords and wishful thinking. When it is based on empirical data and experiments, just look at fields like how data science is applied or econometrics…
At university, I faked a paper on economics (not actually my branch of study, but easily to fake) and put it on the shelf in their library. It was filled with nonsense formulas that, if one took the time and actually solved the equations properly, would all produce the same number as a result: 19920401 (year of publication, April Fools Day). I actually got two requests from people who wanted to use my paper as a basis for their thesis.
Congratulations! You are now a practicing economist. This is exactly how that field works.
Economy is just applied psychology.
It really isn’t even that.
The closest historical equivalent of an economic professional is the Haruspex.
https://en.wikipedia.org/wiki/Haruspex
You’re all thinking of business. Economics is an empiric field of study that is based on science.
Downvotes while being right, the hive mind churns I guess. Man are you people idiotic.
https://voxday.net/2020/10/26/krugman-admits-economists-were-wrong/
Since when is a Nobel prize winner admitting they were wrong and did not know enough any sort of “proof” that a whole discipline is not real? Get off your high horse…
I studied economics, none of it was purely psychology, and it was quite intense mathematically. It seems people conflate the discipline with business courses and assume it is just buzzwords and wishful thinking. When it is based on empirical data and experiments, just look at fields like how data science is applied or econometrics…
Don’t insult me with the e-word!
How did you respond?
I told them to actually solve the equations and think about the results.