Wednesday, February 17, 2016

A Thought About Economics by Gary Hainsworth

Sometimes I wonder if Economics is a valid mathematical discipline. It seems to be mathematical because it involves numbers and symbols doing things that look like math. Therefore, it must be math. The syllogism appears to carry water. The very least, economics appears to have the verisimilitude of math.

However, the ability for algorithms to forecast accurately, even to see imminent danger, casts a doubtful light on this contention. With this in mind, Economics, as it is typically practiced, seems more like a social science than mathematics, and by science I mean a pseudo-science. 

© 2016 by Gary Hainsworth

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