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[–]EthnocratArcheofuturist 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (3 children)

Economics is the dismal science.

[–]Blackbrownfreestuff 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (2 children)

Calling it a science is an insult to science. Chemistry is a science. Physics is a science. Economics is more like sociology or phrenology.

[–]casparvoneverecBig tiddy respecter 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

I don't really understand why this is the case, it is very math-heavy after all.

[–]Blackbrownfreestuff 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Econometrics is math heavy. There are useful elements within the study of econometrics and managerial microeconomics, such as demand forecasting, but a lot of economics in general involves human behavior, preferences, utility, and rationality.

Example, in microeconomics workers get paid their MPL, marginal product of labor. That works on paper and probably in reality at some point in time, but in the current year, half the workforce is made up of fake jobs and diversity hires that get paid to be racial tokens. Economic models aren't based around real world economies where coercion and corruption are just as powerful as the invisible hand.