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View Diary: Wall of Shame: Republicans Lose Intellectual Cover for Austerity/Spending-Cut Policies (87 comments)

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  •  the dismal science? (2+ / 0-)
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    kovie, New Rule

    I don't know anything about how economics is run as a science. I'm talking about biology, physics, psychology, etc. But then I question whether economics should be called a science, given that the theory is so inherently political and ideological in nature. Take Reinhart and Rogoff as prime examples.

    History repeats itself, first as tragedy, second as farce - Karl Marx

    by quill on Wed Apr 17, 2013 at 09:57:48 AM PDT

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    •  there's a blog (2+ / 0-)
      Recommended by:
      kovie, quill

      that you might be reallly interested in, check it out

      It goes into a thorough analysis and critique of the state of the field of economics (including comparisons to physics and other harder sciences)

      Deficits don't matter, jobs do.

      by aguadito on Wed Apr 17, 2013 at 10:05:41 AM PDT

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      •  Given that economics is such a "soft" science (1+ / 0-)
        Recommended by:
        quill

        that happens to also be vulnerable to external manipulation, it seems self-evident that academic papers published in it MUST disclose all data and models used to reach conclusions to be taken seriously.

        "Liberty without virtue would be no blessing to us" - Benjamin Rush, 1777

        by kovie on Wed Apr 17, 2013 at 10:13:14 AM PDT

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      •  great blog! (0+ / 0-)

        History repeats itself, first as tragedy, second as farce - Karl Marx

        by quill on Wed Apr 17, 2013 at 11:04:35 AM PDT

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