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Cake day: January 20th, 2026

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  • Riverside@reddthat.comtoScience Memes@mander.xyzIt's barely a science.
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    9 days ago

    I commend your appreciation of the field as a science, but you should also acknowledge that 80% of what’s currently taught in the academia about economics is just wrong. Supply and demand (unfalsifiable and shitty predictive capabilities compared to the falsifiable and empirically proven labour theory of value) is just one example in the long list of econ-101 bullshit.

    Regardless, as an appreciator of economics, have you checked out econophysics? The study of economics as a thermodynamical system. It’s wonderful, with predictive capabilities on for example salary distributions in capitalist economies, Paul Cockshott has a book and a few introductory videos on his YouTube channel


  • Riverside@reddthat.comtoScience Memes@mander.xyzIt's barely a science.
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    9 days ago

    Economics as a field in theory is great. The problem is that it’s been hijacked by capitalism, and 90% of the stuff taught in faculties is antiscientific. The founding grounds of neoliberal economics lay in the Austrian school, which prides itself in being non-falsifiable by evidence. Anything stemming from there is a pile of dogshit. Marxian economics and Modern Monetary Theory, on the other hand, have wonderful predictive capabilities and are proper science




  • Medicine is already this better way (in countries with social healthcare systems). A body of highly trained specialists who constantly update their knowledge through research, conferences and reading the last scientific advancements, and don’t necessarily earn extremely high salaries but have a comfortable life and a stable employment. We could expand this model to all sciences.