⬆️ @ChrisMayLA6

>> I concluded that #positiveEconomics while a nice ideal was impossible while economics was practiced by humans … there was *only* 'normative economics'.

>> as we've seen with #AI, it merely reproduces the prejudice of those that programme it

Indeed. That's the quintessential difference between Mathematics and Economics. Physical Sciences are rooted in predictive power of mathematics. Social Sciences are practiced by humans and reproduce the prejudices of those practitioners.

⬆️ @ChrisMayLA6

>> economist discovers that economists' political views impact on their economic analysis...

What happened to #MiltonFriedman's "Methodology of #PositiveEconomics" which requires one to remove their values or political ideology from economic analysis?

One of the first books I read on this was Richard Lipsey's Positive Economics which made a huge effort to distinguish Positive Economics from Normative Economics, and judged economic theory by its power to predict actual outcomes