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Subject: »PIIGS - economics problems
if economy is a science you can do prediction with it about what is going to happen..
but nobody's able to do it.
the point we miss is economy hasn't its rules, but takes it mechanisms from the rules it find.
a simple example:
can a communism economy run with same working as a capitalistic one? no it can't.
the first answer we can unserstand from it is that Economy's "LAWS" depend on the rules that is found.
So economy's rules are not "natural" rules to find, but something we must CHOOSE by politics, to have a desired result!!!
but nobody's able to do it.
the point we miss is economy hasn't its rules, but takes it mechanisms from the rules it find.
a simple example:
can a communism economy run with same working as a capitalistic one? no it can't.
the first answer we can unserstand from it is that Economy's "LAWS" depend on the rules that is found.
So economy's rules are not "natural" rules to find, but something we must CHOOSE by politics, to have a desired result!!!
is not an exact science like maths
in maths you can say 2+2=4, and there is not space to argue
in economics you can try to annalyzate some situation and never will give you an exact answer, it uses maths as a tool but the solution is not an exactly solution like in maths
in maths you can say 2+2=4, and there is not space to argue
in economics you can try to annalyzate some situation and never will give you an exact answer, it uses maths as a tool but the solution is not an exactly solution like in maths
I am an economist and I totally agree with el pupe´s post.
If you totally agree with el pupe's post, then you're an economist as everybody is a national football coach. We're all economists. We all have income and expenses. That makes us economists. And if you think that the discipline of knowing how and why people's income and expenses interact is not a science, then that tells much more about your financial skills then anything else.
One of the biggest mistakes of our modern society is that in school they bombard us with loads of facts we're never going to use in real life and at the same time we come out of the high-school not having the necessary skills of understanding how to balance a home budget. I know people who suck at physics, but they are not able to cause a global financial crisis. People who suck at economy are able to do that.
If you totally agree with el pupe's post, then you're an economist as everybody is a national football coach. We're all economists. We all have income and expenses. That makes us economists. And if you think that the discipline of knowing how and why people's income and expenses interact is not a science, then that tells much more about your financial skills then anything else.
One of the biggest mistakes of our modern society is that in school they bombard us with loads of facts we're never going to use in real life and at the same time we come out of the high-school not having the necessary skills of understanding how to balance a home budget. I know people who suck at physics, but they are not able to cause a global financial crisis. People who suck at economy are able to do that.
So actually, what you are saying is that no social science is a real science. Only natural sciences are real. Congratulations. You just won the "bullshit of the week" award. :)
One of the biggest mistakes of our modern society is that in school they bombard us with loads of facts we're never going to use in real life
i see two big lacks: economics and laws, knowing economics teach you when to buy a house and when not unless you want your house back to the bank, and laws teach you where to fire your joint and where not :P
here economics now being "voluntary" in 16-18 higj school, like you can choose economics or other signature, thats sth at least even not enough
i see two big lacks: economics and laws, knowing economics teach you when to buy a house and when not unless you want your house back to the bank, and laws teach you where to fire your joint and where not :P
here economics now being "voluntary" in 16-18 higj school, like you can choose economics or other signature, thats sth at least even not enough
can´t absolutely agree...not in point if economy is or isn´t real science (am not philosopher), but in that part about using maths to prove previous social thinking.
None of the macroeconomic model, e.g. AD-AS, IS-LM, etc., couldn´t explain people´s behavior in dynamic conditions (means during running time). They were created by mathematicians for better understanding how the issues of model are working, using ceteris paribus. This rule makes this model absolutely theoretical and practically NOT applicable...
Almost, the only math methods which could help in economics is Statistics or higher statistical methods...so I cannot understand the benefits of mathematicians awarded by Swedish Bank in last 50-60 years for Economics...blindly following their models during decades, mankind got on bad way in their lives, which resulting in crisis from past years...I am really scared whats going to follow-up...
None of the macroeconomic model, e.g. AD-AS, IS-LM, etc., couldn´t explain people´s behavior in dynamic conditions (means during running time). They were created by mathematicians for better understanding how the issues of model are working, using ceteris paribus. This rule makes this model absolutely theoretical and practically NOT applicable...
Almost, the only math methods which could help in economics is Statistics or higher statistical methods...so I cannot understand the benefits of mathematicians awarded by Swedish Bank in last 50-60 years for Economics...blindly following their models during decades, mankind got on bad way in their lives, which resulting in crisis from past years...I am really scared whats going to follow-up...
So actually, what you are saying is that no social science is a real science. Only natural sciences are real. Congratulations. You just won the "bullshit of the week" award. :)
if we had a words problem we can deal with it (maybe we used the word "science" in a different acception..),
but having this kind of attitude with me..
..I think it shows only you ain't able to accept you were WRONG!
if we had a words problem we can deal with it (maybe we used the word "science" in a different acception..),
but having this kind of attitude with me..
..I think it shows only you ain't able to accept you were WRONG!
You can find a few Nobel Prize categories in modern science branches: Physics, Chemistry, Physiology or Medicine, Literature, and Peace, but there isn´t any category for economy awarded by Swedish Academy of Science.
What people generally call Nobel Prize in Economics is just Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.
Why? Because even Alfred Nobel didn´t realized Economy as a science discipline.
Are you suggesting that Nobel perceived Literature and Peace as fields of science...? :)
What people generally call Nobel Prize in Economics is just Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.
Why? Because even Alfred Nobel didn´t realized Economy as a science discipline.
Are you suggesting that Nobel perceived Literature and Peace as fields of science...? :)
He's just trolling I think.
Economics are a science. A social science. So El Pupe's claim of economy not being a science, then psychology is not a science, sociology is not a science, ...
Yes, there is a difference between exact sciences (like physics, chemistry, ...) and social sciences. That doesn't make the latter no sciences.
And El Pupe, you say 'if economy is a science, why can't it predict'? Because prediction is not necessary to be a science. There is also the explanatory side of the story. Maybe you should start learning what a science is.
El Pupe, was physics in the early stages a science or not? 'Cause they couldn't even explain things that are relatively simple nowadays. Yes, it was. Economics is (relatively) young social science.
(edited)
Economics are a science. A social science. So El Pupe's claim of economy not being a science, then psychology is not a science, sociology is not a science, ...
Yes, there is a difference between exact sciences (like physics, chemistry, ...) and social sciences. That doesn't make the latter no sciences.
And El Pupe, you say 'if economy is a science, why can't it predict'? Because prediction is not necessary to be a science. There is also the explanatory side of the story. Maybe you should start learning what a science is.
El Pupe, was physics in the early stages a science or not? 'Cause they couldn't even explain things that are relatively simple nowadays. Yes, it was. Economics is (relatively) young social science.
(edited)
This rule makes this model absolutely theoretical and practically NOT applicable...
so in fact you are agreing with me, that perfect maths models dosent mean that their solution is an exactly economic solution because they havent used all the variables ( using all talking about dinamic human behauviour is impossible )
so in fact you are agreing with me, that perfect maths models dosent mean that their solution is an exactly economic solution because they havent used all the variables ( using all talking about dinamic human behauviour is impossible )
Indeed, but social sciences are sciences too.
yeah of course, only that is not an exactly science
ok, let's make a explanation I intended the word science meaning a knowledge that give to people the instruments to understan EXACTLY what is happening.
Phisics and maths are science like this,
Economy NO.
I could talk a lot about it, but if you like just start from wiki
Why I wanted to say it?
Because I want to contest that someone can say something like:"Economy needs" "your economy must" etc.. as if it is a matter of fact.
Those are all personal opinions and political iussues, nothing else, nothing more!
Nobody can claim he can prove he's right in economy, with a scientific method (falsification etc)
Phisics and maths are science like this,
Economy NO.
I could talk a lot about it, but if you like just start from wiki
Why I wanted to say it?
Because I want to contest that someone can say something like:"Economy needs" "your economy must" etc.. as if it is a matter of fact.
Those are all personal opinions and political iussues, nothing else, nothing more!
Nobody can claim he can prove he's right in economy, with a scientific method (falsification etc)
then psicology, sociology wouldnt be sceinces for you
you are meaning science for the exactly sceinces like maths or physic, thats all
that give to people the instruments to understan EXACTLY what is happening.
so, would be medicine a science? :P
you are meaning science for the exactly sceinces like maths or physic, thats all
that give to people the instruments to understan EXACTLY what is happening.
so, would be medicine a science? :P
Ever wondered why the term 'exact science' was introduced instead of using 'science' all the time?
:)
:)