Re:Modeling a Wealth Tax
by CryptoPunk on Monday August 24, 2020 @12:18AM
(#24257491)
Economics is a social science, and is widely acknowledged as such.
Economic theories are not falsiable, but neither are climatology theories, and no one would claim climatology is not a science.
Soft sciences are distinguished from hard sciences for not being subject to controlled experimentation, which can derive something approaching scientific proof, pedantry notwithstanding.
What's motivating the 'economics is not a science' narrative here is the same thing that motivates attempts by anti-vaxxers to discredit Medicine and Epidiomology: their beliefs are being contradicted by the experts in the field.
Sorry I don't have the time to respond in more detail to your comment. I just wanted to quickly make that point.
“Scientific proof” isn't a thing. Empirical falsification of a hypotheses is, and it is absolutely available for the subject matter of economics (as conventionally understood; Austrian-school ‘economics’ overtly is a system of working out the implementation of deontological principles and is thus more a branch of moral philosophy than of social science, but that's an exception.)
It's true that a lot of the work done on economics is or builds on speculation beyond the present practical capacity of reliable testing due to complexity, but that's not uncommon (even if the ratio may usually be lower) in other scientific disciplines.
Lay (and particularly government) people frequently fail to understand the status of various economic ideas and treat speculation on shaky foundations of simplified models taken outside of their area of utility as approximations as truth, but that is also not uncommon in other scientific domains, though the practical consequences of it in economics may be more pronounced.
> but that doesn't make it not a science.
Not being a domain in which hypotheses are subject to empirical falsification (the closest thing there is to “scientific proof” in any domain) would, indeed, make it not a science.