• technocrit@lemmy.dbzer0.com
        link
        fedilink
        English
        arrow-up
        4
        ·
        1 day ago

        Yeah but capitalist economics is all that they teach in the indoctrination system… Unless maybe you pay for it later in college.

        And TBH the scientific credentials are pretty trash either way.

  • FE80@lemmy.world
    link
    fedilink
    English
    arrow-up
    10
    arrow-down
    1
    ·
    1 day ago

    Any “scientific” field that produces Art Laffer is a fraud.

  • jambudz@lemmy.zip
    link
    fedilink
    English
    arrow-up
    2
    ·
    23 hours ago

    Math is for useless things like solving Diophantine equations or playing with primes. I will not have math slandered by associating it with applications.

    • Ensign_Crab@lemmy.world
      link
      fedilink
      English
      arrow-up
      2
      arrow-down
      1
      ·
      23 hours ago

      Most of the time it’s just people working backward from whatever conclusion suits their politics.

  • sga@piefed.social
    link
    fedilink
    English
    arrow-up
    9
    ·
    1 day ago

    well i seemingly have a very different viewpoint, because the most interesting economics bits are econometrics, essentially data science - the same things all other stem folks use to find the underlying distribution, estimators, their significance, finding the p value. Using this to model whole world is just as wrong as saying all of chem is solved by taking mendelev periodic table. sourely it works, and explains some stuff, but just knowing it does not predict all of chemistry. same way, for example ls-lm model (suppply demand curve) does not explain the whole world, and good economists do not claim they can explain it (sorry for using bad examples, 1 only took 2-3 eco courses).

  • quail@lemmy.ca
    link
    fedilink
    English
    arrow-up
    2
    arrow-down
    1
    ·
    22 hours ago

    Economics is the fakest science ever. It’s just perpetuating the capitalist scheme. Don’t waste your time learning it. It’ll all be irrelevant in the end anyways.

  • nonentity@sh.itjust.works
    link
    fedilink
    English
    arrow-up
    35
    arrow-down
    4
    ·
    2 days ago

    Economics, as an intellectual discipline, is closer to theology than physics. Its power is proportional to the belief it commands.

    Finance is an arbitrary subset of mathematics, cherry picked to retroactively support a given economic model, and applied as its supporting mythology.

    It’s entirely imaginary, which means alternatives are only ever a conjuring away.

    • Knock_Knock_Lemmy_In@lemmy.world
      link
      fedilink
      English
      arrow-up
      1
      ·
      1 day ago

      The opposite. Its power is inversely proportional to the belief it commands.

      The efficient market hypothesis only works if people don’t believe it.

    • technocrit@lemmy.dbzer0.com
      link
      fedilink
      English
      arrow-up
      1
      ·
      1 day ago

      Finance is an arbitrary subset of mathematics applied to money

      Kinda nitpicky but finance is applied math or engineering. Finance people haven’t done much in terms of actual math. There’s no money in math (literally and figuratively).

    • gandalf_der_12te@discuss.tchncs.de
      link
      fedilink
      English
      arrow-up
      2
      arrow-down
      1
      ·
      2 days ago

      economics is definitely closer to law studies than to theology. i mean, look at all the ownership relations and having to know what is proportional, how to run a business, rules and regulations, and such.

      fun fact: theology was a respectable thing in the medieval ages. it was closer to maths/logic and spoke about how to organize a society and run a state. There were lots of influential people who studied maths but were also theologists, and lots of people studied theology and became mathematicians. I mean check out Isaac Newton who revolutionized physics with his maths-approach but also studied theology heavily. Check out Gottfried Wilhelm Leibniz who revolutionized mathematics but studied philosophy/theology. There’s a lot of overlap.

      Theology, back then, was basically a mixture of logic/mathematics/how to organize a society/politics/and some metaphysics and philosophy. It was not a “make up random stuff” thing at all.

      All of that changed in the modern age when theology became a cringe-worthy niche with basically no real content. Idk how exactly that happened. In the medieval days, however, it was one of the big three studies: theology (math), law (and economics), medicine.

      • captainlezbian@lemmy.world
        link
        fedilink
        English
        arrow-up
        1
        ·
        1 day ago

        Yeah theology is “given these base assumptions and this text, interpret the will and nature of the divine.” I can respect a person who studied theology at a respected university in all the ways I can’t respect someone who studied preaching at a Bible college. That said I hold a weird amount of opinions on Christian theology for a pagan

      • nonentity@sh.itjust.works
        link
        fedilink
        English
        arrow-up
        4
        arrow-down
        1
        ·
        2 days ago

        Another way I often frame my perspective on this is:

        Economics is the social control mechanism that filled the void vacated by religion after the Enlightenment.

        Mythology was replaced with finance.
        … Churches with banks.
        … Clergy with economists.
        … God with GDP.

        I don’t see either as inherently problematic systems, but their lack of rigorous foundational attachment to reality informs my argument that they should be applied as subservient tools, as opposed to their current role as dominant, dictatorial weapons.

  • gandalf_der_12te@discuss.tchncs.de
    link
    fedilink
    English
    arrow-up
    17
    ·
    2 days ago

    Don’t forget the other sibling: IT. Theoretical Computer Science is basically a form of mathematics, with all its algorithms and data structures that you can study and do proofs about.

  • Sunsofold@lemmings.world
    link
    fedilink
    English
    arrow-up
    2
    arrow-down
    1
    ·
    24 hours ago

    No. Economics is the child of math, not a sibling. It’s only half math. The other parent is philosophy/creative writing. That’s how you end up with the myth of barter and trickle-down, the stuff based on speculative storytelling, that refuse to listen to math.