Macroeconomists have physics envy (user search)
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  Macroeconomists have physics envy (search mode)
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Author Topic: Macroeconomists have physics envy  (Read 1697 times)
parochial boy
parochial_boy
Junior Chimp
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Posts: 5,117


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« on: August 18, 2022, 11:38:36 AM »

Micro was a bitch in college.  It kinda started venturing into quasi-business major type territory, which I simply had no patience for, dawg.  

Macro FTW.
Can confirm, am accountant who learned more from Management Principles and Cost Accounting than 200-level Econ wrt Micro’s applications in the decision-making process/budget management.


Yeah, a lot of orthodox economics is really weird in that respect in that it takes these things like ceteris paribus, or the efficient markets hypothesis - that are manifestly untrue; and then applies them anyway because it "sort of corresponds to reality. Sometimes" and it makes the maths work.

I mean, if you did this in any other Social Science you would be laughed out of the room because the very first thing you learn is that Humans Don't Work That Way. And yet orthodox economics does this and pretends it is a hard science of the back of it, rather than being an entirely ideological project. It's an almost surreal level of cognitive dissonance.
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