Re:Games Economists Play
by taffer on Saturday September 28, 2019 @09:39AM
(#21100218)
> Please list a set of economic truths.
Economics is not a mathematical science, it has no underlying axioms like mathematics. Neither does biology, medicine or climate science. Do you think these are not sciences either?
> When you are talking about the general facts that economics is often prescriptive...
That's wrong, economics isn't prescriptive, maybe that's your basic misunderstanding. Economics is a positive science, just like biology or climate science, it doesn't tell you what to do, it just tries to understand 'if this, then that'.
Economics is not a mathematical science, it has no underlying axioms like mathematics. Neither does biology, medicine or climate science. Do you think these are not sciences either?
> When you are talking about the general facts that economics is often prescriptive...
That's wrong, economics isn't prescriptive, maybe that's your basic misunderstanding. Economics is a positive science, just like biology or climate science, it doesn't tell you what to do, it just tries to understand 'if this, then that'.