Wannabe AstronautApr 6, 2024

Economics: "Humans only value things monetarily."
Sociology: "Uh, I don't..."
Economics: "Humans are always rational and value is calculated by complex internal calculus."
Sociology: "Uhhh, Psy, can you help?" Psychology: "That's not how humans..." Economics: "ALSO MY SYSTEM WILL GROW EXPONENTIALLY FOREVER!!"
Physics: *drops teacup*

(Credit: source unknown)

Show threadmivox is exhausted Apr 6, 2024

@space_cadet @blogdiva I have been thinking for a while that economics *could* actually be a useful area of study IF and ONLY IF it were based on actual observation like actual sciences.

As it is though, economics is more like a long-term right wing push poll.

Show thread.morrisApr 7, 2024
@mivox @space_cadet @blogdiva i have heard that econometrics is the economics that actually uses data.
Show threadmivox is exhausted Apr 7, 2024
@clockworkfish @space_cadet @blogdiva Doesn’t it seem bizarre that data wouldn’t be involved in absolutely all of it? 
Show thread.morrisApr 7, 2024
@mivox @space_cadet @blogdiva i think they believe their hypotheses can be proved with logic. Unfortunately a lot of the assumptions that underpin their logics are wildly unrealistic.
Show thread.morris

@mivox @space_cadet @blogdiva i remember trying to get a tutor to engage with the idea that one way the labour market works to get rid of unemployment is to starve excess supply to death. He kept saying that the labour market wouldn't ever do that.

He was a nice guy. Smart. But not able to think outside the box he had found to put his mind in.

Apr 7, 2024 at 8:23amWeb
Show threadmivox is exhausted Apr 7, 2024
@clockworkfish @space_cadet @blogdiva I mean, what is the labor market doing then, when huge numbers of jobs pay less than a living wage, if they’re not trying to just kill people off?