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Re:Bad Economics by tomrod on Monday March 21, 2022 @11:37AM (#30755284)
Doubtful. Economics is the source of many methodologies in game theory, mechanism design, behavioral game theory, much of political science and voting theory, and has quite imperialistic methods such that quantitative accounting and financial engineering use econometric modeling. Not to mention RCT, causal inference, GIS, and machine learning applications have a lot of conceptual overlap.

A safer bet would be that people in 50 or 100 years times will be expecting people in 100 years time to regard it as astrology.

Edit: good catch(es), mobile commenting and I missed a key phrase (source of many methodologies).

Re:Bad Economics by disgruntledphd2 on Monday March 21, 2022 @11:44AM (#30755370)
> Not to mention RCT, causal inference, GIS, and machine learning applications

RCT's were developed by psychologists (for educational purposes) and promoted by medical statisticians.

Causal inference was essentially invented by a computer scientist.

You can definitely thank geographers for GIS, and ML is basically a rebranding of statistics by Comp Sci researchers.

Game theory I'll definitely concede to economics, but political science is it's own discipline, and shouldn't be regarded as part of economics.

Re:Bad Economics by huitzitziltzin on Monday March 21, 2022 @10:02PM (#30762009)
Economists generally work in a framework which predates Judea Pearl’s work by at least half a century. Causal inference was not invented by a computer scientist.
Re:Bad Economics by disgruntledphd2 on Tuesday March 22, 2022 @09:43AM (#30765980)
Do you have some links please?
Re:Bad Economics by tomrod on Tuesday March 22, 2022 @07:09PM (#30772779)
Rubin model / Rubin-Neyman model

https://en.m.wikipedia.org/wiki/Rubin_causal_model

Pearl credits it in The Book of Why.

Re:Bad Economics by Retric on Monday March 21, 2022 @12:31PM (#30756092)
Even we accept your premise, that doesn’t mean Economics its self is actually accurate or useful.

At a minimum in 100 years I expect current macroeconomic theory to get as much respect as phrenology does. One of the basic failures is you can’t abstract away the underlying mechanics of societies. Changing the federal funds rate doesn’t help if your in the Zombie apocalypse movie. Granted in the real world you might be dealing with drought, soldiers, or empty oil wells rather than Zombies, but the same basic mismatch still applies.

Re:Bad Economics by imtringued on Tuesday March 22, 2022 @05:35AM (#30764221)
Economics changed during the great depression it is about to change very soon or we just reset everything and redo the 80 year gold standard cycle. The latter is quite boring and solves nothing.
Re:Bad Economics by jameshart on Monday March 21, 2022 @12:17PM (#30755871)
Economics is the source of political science?

Plato would be surprised to learn that.

Re:Bad Economics by tomrod on Tuesday March 22, 2022 @07:11PM (#30772803)
Plato didn't call it political science ;)

He falls more into political theory anyhow.

But to clarify my original point, the methodologies of economics are imperialistic.