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Re:Inflated Bond Ratings Helped Spur the Financial Crisis. T...
by nineteen999 on Wednesday August 07, 2019 @11:44PM
(#20641657)
"Economics is extremely useful as a form of employment for economists."
- John Kenneth Galbraith
Re:Inflated Bond Ratings Helped Spur the Financial Crisis. T...
by jevgeni on Thursday August 08, 2019 @03:11AM
(#20642465)
Or mathematics.
Re:Inflated Bond Ratings Helped Spur the Financial Crisis. T...
by ivalm on Thursday August 08, 2019 @03:50AM
(#20642643)
I would argue mathematics isn't really a science, as it isn't outward looking to the world, rather it is a study of self-consistent rewriting rules. You can obtain any mathematical result without knowing anything about the universe (something also true for, lets say, analytic philosophy).
Re:Inflated Bond Ratings Helped Spur the Financial Crisis. T...
by jevgeni on Thursday August 08, 2019 @07:46AM
(#20643590)
Sure, but then the distinction between science / not-science hasn't got that much value.
A not-science (math) is the most critical tool in the scientific toolbox, and hence contributed more to scientific progress than any isolated branch of science.
Re:Inflated Bond Ratings Helped Spur the Financial Crisis. T...
by ivalm on Thursday August 08, 2019 @11:23AM
(#20645378)
Sure, natural languages also contributed "more to science" than "any isolated branch" but learning a language (for its use rather than linguistics/anthropology) isnt a science. I think it is a useful distinction.
Re:Inflated Bond Ratings Helped Spur the Financial Crisis. T...
by disgruntledphd2 on Thursday August 08, 2019 @04:57AM
(#20642878)
Yeah. My personal theory is that mathematics is a language, which happens to be useful in the description of scientific phenomena.