Posts Tagged ‘economics and Galilean science’

Don’t know about you folks, but personally I am fed up with economists coming up with breakthrough forecasting methods (and particularly Black Swans, Dragon Kings and all the sexy outfit good to gain press coverage).

Since economics is not a Galilean sience, it all boils down to mere intellectual, axiomatic speculations.

Hence, I can only tolerate, and do I admire, scholars (Nobels included) who speak to me with that consciousness, and discuss economics like philosophy or math can be discussed. And I particularly like and support those who work towards providing an experimental base to economic research.

All others, however cloacked in formulas and while often intelligent people, mostly appear as funny clowns to me.