Re: What is economics? (repost)

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Article #1748

#1748

From: Karl Wee
Date: Sun, 24 Jan 1993 23:47

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In article <1993Jan21.221829.19637@cbfsb.cb.att.com> mbb@cbnewsb.cb.att.com (martin.brilliant) writes:
>
>A surprisingly accurate representation of physics about 300 years ago,
>and not entirely inaccurate as a representation of physics today.
>
>I predict that 300 years from now, the social sciences, including
>economics, will have advanced significantly.  I do not predict that
>they will be where physics is now.  "The proper study of mankind is
>man" is a pun, not a statement of where the light is brightest.

I don't thnk so.  The study of man is a fundamentally different thing
because you have to prescribe as well as describe.  Nature, surprisingly,
is a system that can be understood efficiently, but mankind is not.
Physics thrived because of this luck which the social "sciences" don't
have.  Unless they change their basic direction, these "scientists'"
analytical tools can never catch up with the chaos in human behavior.

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From: kwee@oracle.uucp (Karl Wee)
Subject: Re: What is economics? (repost)
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Date: Sun, 24 Jan 1993 23:47:06 GMT
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