I Love This Video! — Economics is NOT a science like physics & astronomy

I would just add: economics IS a science, like Darwinian biology, global brain theory, and other essentially complex sciences.

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One Response to I Love This Video! — Economics is NOT a science like physics & astronomy

  1. Ian Random says:

    Good luck explaining that to any elected official of any party. I think Russ Roberts was saying that he wishes it had a more philosophical bent, as opposed to model mania. Funny how the world changes. When I was growing up it was about SDI and how a million lines of code couldn’t be debugged. Then it was we couldn’t simulate the Yucca Mountain spent fuel dump over a millennia. Nowadays we think we can simulate anything with 100% certainty and when it goes wrong, it is the assumptions, not the idea of modelling a complex reality.

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