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debating economics

dylancatlow
Posts: 12,243
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3/26/2013 11:21:09 PM
Posted: 3 years ago
I know what you're talking about, though. Economics is a soft science, so more of it is left up to interpretation, and that is where the debate comes in. It's still a science.
twocupcakes
Posts: 2,748
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3/26/2013 11:22:35 PM
Posted: 3 years ago
It is not an exact science. It includes aspects of social sciences that are somewhat qualitative. Also, economics is often ideology based.
bossyburrito
Posts: 14,075
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3/26/2013 11:22:52 PM
Posted: 3 years ago
At 3/26/2013 11:21:09 PM, dylancatlow wrote:
I know what you're talking about, though. Economics is a soft science, so more of it is left up to interpretation, and that is where the debate comes in. It's still a science.

Though it is quite dismal.
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darkkermit
Posts: 11,204
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3/26/2013 11:33:44 PM
Posted: 3 years ago
'cause economic debates often have normative statements as well as positive statements.

Also economics has the problem that it can't create a controlled experiment.
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FREEDO
Posts: 21,057
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3/26/2013 11:46:23 PM
Posted: 3 years ago
At 3/26/2013 11:33:44 PM, darkkermit wrote:
'cause economic debates often have normative statements as well as positive statements.

Also economics has the problem that it can't create a controlled experiment.


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ZakYoungTheLibertarian
Posts: 253
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3/28/2013 2:53:49 AM
Posted: 3 years ago
Long answer :

The whig theory of science says that history is basically a steady approach onwards and upwards into the light, i.e. that science patiently tests it's assumptions and every new textbook represents a synthesis of all who have came before. This is false, as Kuhn showed in 'The Structure of Scientific Revolutions'. What happens is scientists get locked into paradigms and only abandon these paradigms when they reach a crisis stage and new data keeps popping up that doesn't fit their theories. Then they rush on to the next paradigm. If this is true of chemistry and science, then how much more it must be true of the social sciences, which are by their very nature less exact.

Short answer :

Keynesians, monetarists and econometrics retards fucked everything up with their idiotic models and nonsensical jargon. The whole 20th century has been a wash, and by now most of them are admitting that their models are garbage and don't in any way represent reality. Soon they will be forced to realize that economics is really a deductive science and logical positivism is a bunch of crap.
NILA11
Posts: 8
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4/2/2013 7:59:57 AM
Posted: 3 years ago
who run the a fairs of the country is call economics some financial sources are required which is call the economy.
NILA11
Posts: 8
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4/13/2013 5:33:10 AM
Posted: 3 years ago
who run the a fairs of the country is call economics some financial sources are required which is call the economy.