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Re:A practical case on why we need the humanities by kortilla on Friday July 03, 2020 @07:59PM (#23728752)
Agendas are expected. Don’t use an economics paper to back a policy decision under the guise of data/science-driven policy making though.
Re:A practical case on why we need the humanities by ianleeclark on Friday July 03, 2020 @08:02PM (#23728773)
Economics is a social science, not under the umbrella of humanities. Maybe subfields within economics like economic history could be in the humanities, but most micro and macro would be outside of it.

There are a lot of overlapping fields between the two, but economics isn't in the humanities.

Re:A practical case on why we need the humanities by kortilla on Saturday July 04, 2020 @03:17AM (#23730724)
Huge chunks of economics are just as much garbage as the the rest of humanities because of the lack of experimental capabilities. Any field that has conflicting “schools of thought” is not really founded in evidence and reproducible experiments.

MMT and inflation theories in general are constantly brought up by politicians and they are junk science.

Piketty’s work on inequality is a glorified regression built on an unfounded assumption about the return on capital always outpacing inflation. That work dominates politicians discussing the wealth gaps and is used as “evidence” to tax the wealthy.

Some economics is great (e.g. Nash equilibrium) and is consistently reproducible and observable. That’s not the kind dominating headlines though.