/sci/ - Science & Math

Do economic bubbles exist?

It isn't.

>>10483883
Economics isn't pseudoscience, but people using economics result for support neoliberalism or socialism are morons.

Some years ago it has been suggested to completely rebuild the knowledge base because it wasn't scientific. I cannot explain it in layman terms unfortunately.

>>10484000
Why can't you mentally ill faggots stop with the politics for two minutes

>>10483883
Everything is pseudoscience.
Except Christianity of course.

>>10484094
Christianity is the og science.

Unreplicable: You can't exactly get a control sample.

The whole thing is a complete clusterfuck. Imagine if we had a branch of physics devoted to brute-forcing predictions of a chaotic system. Like trying to predict earthquakes or solar storms.

It's not, we just can't run experiments the way you can with physics, chemistry, or biology. That doesn't invalidate the discipline, but it certainly means you can't take results as being concrete a lot of the time. And predicting some variables, such as the real interest rate, is about as easy as predicting the weather a year from now.

>>10483883
I'm an econ dropout and in my experience it's pseudoscience because most of the assuptions needed for a lot of the models are completely apart from reality and made to fit the result required. Macroeconomics are as rigorous as zodiac readings and they even tell it to you like that.
>>10484022
Not the anon you replied to but the economics/politics relationship is in fact a huge part or why economics is complete bullshit. There is no way you can discuse economics without bringing out politics.

>>10483883
Pic related.
If politicians busted monopolies and corruption with the same vigor they attacked unions then we'd be somewhere and the free market might actually work.

>>10484094
>>10484196
Based and hegelpilled.

>>10484241
I was also considering posting this image.
But I hope you get my point.

>>10483883
>demand follows supply
>infinite growth is possible
need i go on?

>>10484239
Yeah macro is a load of bs, but so is micro. I’m in third year and we’re still doing mathematics on the assumption that a company produces only 1 good. The field is a joke and I should never have transferred out of mathematics.

>>10484263
No, please don't embarrass yourself further

>>10484263

>>10484297
Which of those statements is true?

Can it make testable hypothesis that create consistent predictions?