Economics masquerades as a science

Economics masquerades as a science, because most people don’t understand it and it relies heavily on mathematics. However, because no controlled experiments can be run, it is more appropriately labelled as a form of philosophy. When you consider that this philosophy is used to justify policy, it is clear that most of economics is just political rhetoric dressed up as a scientific fact.

Economics masquerades as a science

Economics masquerades as a science, because most people don’t understand it and it relies heavily on mathematics. However, because no controlled experiments can be run, it is more appropriately labelled as a form of philosophy. When you consider that this philosophy is used to justify policy, it is clear that most of economics is just political rhetoric dressed up as a scientific fact.

Posted 7 months ago & Filed under economics, Notes

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