Friday, March 11, 2005

The Washington Monthly

The Washington Monthly

"....While economists' models traditionally regard humans as rational beings who always make intelligent decisions, econophysicists argue that in large systems the behaviour of each individual is influenced by so many factors that the net result is random, so it makes sense to treat people like atoms in a gas."


I hate economics.
Tried to take a Macro-economics class to complete my degree a few years back.
I finally had to stop going. I disagreed with the premises that economics was based on SO strongly that I had to fight the urge to yell, "BULLSHIT!" every few minutes...
Maybe their methods give us decent predictive models...
but that does not make them any less wrong...
ok maybe a little less wrong,
but not much less wrong.
Sometimes people are rational animals acting in their own best interests,
and sometimes, they're just animals.
Any social "science" that doesn't account for that is essentially full of shit.

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