this post was submitted on 20 Aug 2023
473 points (84.4% liked)

memes

10689 readers
1884 users here now

Community rules

1. Be civilNo trolling, bigotry or other insulting / annoying behaviour

2. No politicsThis is non-politics community. For political memes please go to [email protected]

3. No recent repostsCheck for reposts when posting a meme, you can only repost after 1 month

4. No botsNo bots without the express approval of the mods or the admins

5. No Spam/AdsNo advertisements or spam. This is an instance rule and the only way to live.

Sister communities

founded 2 years ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 8 points 1 year ago (1 children)

Economics started as a branch of philosophy that got a lot of support because it draw a lot of support for its theory from maths.

Then, more recently, a good number of very inteligent people noticed the behaviours of economic models could be better predict and understood by using very simple psychological analysis and models.

I remember reading an article by two physicists where they just picked the oh-so-precious math of a given economic model, analysed it using the methods used to analyse physics and concluded the model was faulty by x+y+z.

Economics is... a very strange thing.

[–] kaffiene 6 points 1 year ago (1 children)

All science started as an offshoot from Philosophy.

[–] [email protected] 2 points 1 year ago (1 children)

Yes but most people tend to think Economics is an offshoot of Mathematics, due to its connection with it.

[–] kaffiene 1 points 1 year ago (1 children)

What connection? It has about as much connection to math as astrology or social science

[–] [email protected] 1 points 1 year ago (1 children)

Social Sciences use statistics and probability mathematics.

Astrology, to what I know, uses a lot of trignometry.

After checking the syllabus for an Economics degree in my country there courses of Calculus, Accounting and Algebra, all mandatory.

[–] kaffiene 1 points 1 year ago

Whatevs. That doesn't make Economics a branch of mathematics