this post was submitted on 20 May 2025
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[–] yesman@lemmy.world 4 points 2 months ago (1 children)

There is more to economics than Milton Friedman. Marx was a pioneer in economics and leftest theory has been robust in the field from the beginning.

Criticizing soft sciences for their estrangement from mathematics is classic antiintellectualism. The same logic would demand the disillusion of psychology, sociology, and all the critical theories that are the foundation of modern leftest thought.

[–] spujb@lemmy.cafe 2 points 2 months ago* (last edited 2 months ago)

You miss the point that the soft sciences are being used as an excuse for bad policy. If the soft sciences informed a model for good policy this post wouldn’t exist but instead we have the Laffer curve and trickle down economics.

No one here is calling for a disillusion of economics. It just needs to be used appropriately instead of as a voodoo magic to transfer wealth upwards.

[–] bstix@feddit.dk 4 points 2 months ago

The real question is why we even bother discussing a curve which was pulled out of the ass of a man who went on to invent a hydralic computer to model the national economy of the United Kingdom. https://en.wikipedia.org/wiki/Phillips_Machine

I think his greatest achievement was to demonstrate the concept of being a really clever idiot.

[–] Madrigal@lemmy.world 3 points 2 months ago (1 children)

Economists are the priests of capitalism.

[–] stickly@lemmy.world 2 points 2 months ago

I have examined the ~~goat entrails~~ quarterly metrics and determined that ~~gods~~ markets require more ~~human sacrifices~~ corporate tax breaks

[–] qjkxbmwvz@startrek.website 2 points 2 months ago* (last edited 2 months ago)

Only tangentially related, but it's often accepted that there is no Nobel prize in economics. There is a Nobel memorial prize in economics (link), but as it was set up after Nobel's death it is in a slightly different category.

[–] kibiz0r@midwest.social 1 points 2 months ago (1 children)

Economics is a subset of moral philosophy, which just happens to care a lot about mathematics but is (or should be) nonetheless primarily concerned with questions of morality.

[–] spujb@lemmy.cafe 1 points 2 months ago

not sure i agree per se but im willing to hear more?

maybe you mean to distinguish between economics as a study and economics as a mode of policy

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