News for hackers. Stuff that matters.

A comment on Crony capitalism may be cannibalizing productive capitalism in the U.S.. Parent comment

Re:Crony capitalism may be cannibalizing productive capitali... by theseatoms on Friday June 23, 2017 @01:10PM (#14620799)
Yes. Macroeconomics is secular theology. The global economy is so vast and interconnected that basically none of the theory can be scientifically tested.
[ Parent | on HN ]
Re:Crony capitalism may be cannibalizing productive capitali... by HarryHirsch on Friday June 23, 2017 @01:55PM (#14621207)
Apparently at Renaissance Technologies they love hiring astronomers because as an astronomer you are used to modelling systems that are completely beyond human scale based on data from observations that cannot be repeated.

No one would argue that astronomy isn't a science. Traditional university macroeconomics is a different beast. Comparison with astrology is apt.

[ Parent | on HN ]
Re:Crony capitalism may be cannibalizing productive capitali... by candiodari on Saturday June 24, 2017 @09:36PM (#14628205)
It might have something to do with that the education for being an astronomer starts with years of postgraduate pure mathematics ...
[ Parent | on HN ]