Comment on We won’t fix inflation while economists stay in denial about its causes
Pons_Aelius@kbin.social 1 year agoPure Economic is a science _
A statement is not a fact. Prove your statement.
Pure Economics is an amalgam of Psychology and Mathematics.
This implies Psychology thinks people are rational, it does no such thing.
Economic Rationalism is a oxymoron because Economic relies on irrational psychology
You are almost there:
Economics is a science is a oxymoron because Economics relies on irrational people being rational.
vividspecter@lemm.ee 1 year ago
That last statement is one view of one theory (that happens to be the predominant one), it’s not like this a fundamental tenet of economics.
But you might like behavioural economics and doughnut economics as alternative views that don’t hold the individual as rational actors.
angrystego@kbin.social 1 year ago
Exactly. There is science-based economics and there's also pseudoscience economics. They exist next to each other. It's a similar situation as in medicine.