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(walks right past the word "bloodless") what's wrong with being a quant? methinks you hate academia

Economists can't do Algebra! Automobiles are added to GDP but since 1946 their Depreciation has not been subtracted to compute the NET Domestic Product. Oh economists don't talk abt NDP. So planned obsolescence increases GDP but consumers aren't supposed to think about the unchanging Model-T.

Priests of the religion of capital

Your argument would be stronger if you weren't acting like a dumb fuck

monstrous fools and monstrous fiends, straining the blood of millions for occult glimpses of the market's future, blinded and drowning in the blood all the while. They also dress badly and smell weird.

you're right, who am I to question the trained professional phrenologist

How did you misread this comic this badly, Oliver. Are you stupid?

It kind of sounds like it's not the economics per se, it's moreso the capitalism that's the problem. Is that accurate to say? There are non-capitalist economists

the ”you can’t say anything without a degree” is similar to the tendency of some doctors to completely ignore what their patients say just because they don’t know enough about the field. you obviously shouldn’t trust their speculation blindly, but also don’t dismiss their actual lived experience

If he's on your side you gotta rethink your life or embrace being a potato

Deserved

rip to my oomfie

*covers myself in honey* wtf where did all these bees come from

lol straight up

That’s such a dweeby thing to say

i kinda like will but only bc his posts convinced that one gamedev to try to Do the Thing the way catcher in the rye made that one guy shoot john lennon

And that would be the correct action to take.

i support u

Can't be helped when oomfie writes a banger

Yet, you still don’t let that give you pause.

First in my bloodline to read this sentence, thank you

It’s criminal, you should be piled on purely for your stupid take. You earned it!

not really

I SPIL MY TROPES MODS HELP HELP HEP HELP State of you

My brother in christ you are not going to make the Bloodless Quant an antisemitic trope. Sit down. That's an upper middle income NPR enjoyer with no nose it is the opposite of an anti-semitic caricature and also all of Haus's characters are drawn that way.

Are you an economist (fake job) or an immunologist (real job)

Economics can not be a hard science until we find determinism in our universe. It’s dependent on too many fields, like politics, natural resources and in the end, human psychology, which is extremely difficult to predict. Vaccines are rigorously proven to work before mass adoption.

“Too large a proportion of recent "mathematical" economics are mere concoctions, as imprecise as the initial assumptions they rest on, which allow the author to lose sight of the complexities and interdependencies of the real world in a maze of pretentious and unhelpful symbols.” JMK

The modern economy is based on feelings not facts. Demand, consumer confidence, FOMO, predictions, trust ratings, hype. FFS it often has an “invisible hand.”

what is the point of listening to trusted experts if not for guidance as to who else to trust in their field?

If you haven't tried to synthesize alkahest, you don't get to pick and choose! You have no way of telling slag from the philosopher's stone!

I had so many thoughts on this I had to make my own thread

Here's an actual economist citing another economist who did proper research and came to a conclusion similar to the comic. I agree people go overboard against Economics, but lack of academic rigor and conclusions that don't reflect reality are the source of that distrust youtube.com/shorts/KgEAG...

You should stop then. You don't need to oretend anymore. You know in your heart that it's true.

neoliberal economics literally doesn't work provably whereas vaccines do. equating those things tells us more about your intelligence than about the person who made this little comic

But there is experimental economics, and econometrics and socialist economists.

This is such a ridiculous false equivalence, and it really displays your ignorance.

hey idk if you knew this but that comic was made to explicitly ridicule and humiliate people like you

Bourgeois Economics is like what medicine would be if the homeopathic people took it over and tried to make themselves the only game in town despite clear evidence that they're wrong

Holy shit that was a bad take. Absolutely stunning, incredible even. Anyways if you're not an expert in me you can't dismiss me. It's exactly as reasonable as vaccinating your graphs.

I'm so glad that somebody else remembers Reinhart and Rogoff. Not only was "modern economics" proven to be the product of lazy court sycophants who couldn't be bothered to check for simple Microsoft Excel errors...

You are doing the bloodless quant thing *right now*!

When economics was a relatively new field of study it at least had the credibility of a well meaning upstart. However the standards of evidence are so low, and the financial motivations to interfere with the process are so high, that’s its output hasn’t been worth much in decades.

Also yes, that is actually how science works. you dismiss the shit that doesn't fit with how the world actually works.

modern economics = mathematical abstraction of behavior in aggregate, in the service of justifying capitalism vaccines = scientific technique for developing immunity to communicable diseases

hey you guys, oliver here is getting VERY tired of this

Vaccines reflect the physical world as we can see it and as we can observe it with known variables that can and are directly tested against. Economics is a bunch of words put down by people who wanted to be rich about how to be rich and they say "we should be rich and you should be poor."

economics is a social science, whereas vaccines are a proven science

I could just use the fact that economists are playing make believe like Harry Potter, and it doesn't have any connection to reality

The period of time being the foundation of the discipline through to the present day.

I'm a mathematician and what you've essentially said here is that I should be able to tell you that you're wrong

This is a startlingly anti-intellectual thing to say

We don't respect you enough to offer constructive criticism. We know y'all can't see yourselves and have no self awareness of what your roll is or how you behave.

I miss critiques like "economics assumes humans are perfectly rational actors!" which is, at least, a valid critique (that mainstream economics integrated decades ago) now it's just, "but grocery prices are up!" good observation bud

Nah that's giving it way too much credit. It's just a religious cult of not particularly clever maths nerds.

Then perhaps you should have a big nap.

Almost everyone in America believes politicians--without thinking about it--when they say something is what economists believe. They never hear what economists actually believe from economists themselves. The politicians (left and right) are *always* lying for their own purposes.

It's hilarious that you think neoliberal economcis is the same as medical science. Nobody believes that. You're just insecure. And you should be.

Field == indivisible monolith? I'm skeptical!

It's not the same thing. Unlike economics, vaccines come from science. Libertarians like Rose Wilder Lane got Keynesian Econ textbooks banned by getting rich donors to threaten schools. Economics is shaped by the economic interests of the elites, not experiments. www.aaup.org/sites/defaul...

Economics is made up. It’s not a science.

What do you think the comic is about

Wwwhat? That's not how or what economics is. One important thing is that economics is not a science. And the "modern" economic paradigms are not advances on older economic paradigms, they're just different, shaped as those were by historical context. Are there true and false things? Yes, some.

considering a measurable portion of the field of "modern economics" is ideologically dedicated to rebutting Keynes, despite that being the only economic theory proven in actual conditions, no, I don't think we need to take that field seriously.

Additionally, this presupposes that all fields are at the same level of development and complexity. Is economics at vaccine level? Or is it at the point where we kinda knew about germ theory but doctors still refused to wash their hands?

There's one economist on here who regularly shares official government statistics that says housing is £400/month. I'm not translating that across the Atlantic, but suffice it to say lol, lmao, things of that nature.

Cambridge Econ Tripos 1959. Have a go. Tell us how you do.

“I told my psychiatrist that everyone hates me for being [a bloodless quant]. He said I was being ridiculous: everyone hasn’t met me yet.” Robert Fogel IV , The Rodney Dangerfield Chair in Econometrics at Fancy Pants U

Decades of teaching it, still no real laffer curves ever drawn

Companies demand we use AI. Companies supply us with data centers. Supply and demand. Boom! Economics proven!

Do you know what a municipal bond is ? It’s a pretty key part of sewer socialism.

Qual vs quant. Interpretive vs exacting.

What about subject-verb agreement is that real

when will people finally wake up and listen to the voices of the humble maligned economists

Oh no, don't disrespect them, not the Harvard School of Sleepwalked-into-every-financial-crisis-of-my-lifetime!

The two are not at all comparable you weirdo.

Economics isn't a science. Its a collection of guys making money in the current system in a trenchcoat.

When vaccinology starts treating RFK Jr. as seriously as economics treats Hayek, we can talk

There are two kinds of people who believe in infinite growth: optimists and economists.

What do they pretend to do?

Would love to have the knowledge required to determine what parts of economics is post-hoc fallacy.

That is to say, not all experts should be treated equally. Some fields don't have consensus on the data, some fields don't have the ability to get any good data, and some fields are "99% of experts agree that this is observable reality".

en.wikipedia.org/wiki/Natural...

There are also certain aspects of politics that are treated as hard science but have such a small sample size that they would make any respectable research scientist vomit all over their papers

lol. Not this. bsky.app/profile/wtfi...

this would be true if economics were a science

Economics are an abstract model of how human production and its interrelation work, which has been subject to quite a bit of debate, while vaccines are a physical thing known to have real-world effects on living bodies. Fuck you

Oh thank goodness, someone who can tell us when things will be affordable for working families again!

A great deal of “modern economics” is built up within and amplified by institutions whose endowments function in the economy in the SA way as billionaires. This is the only reason Milton Friedman and Frederich Hayek are taken seriously: politics.

luckily you are actually OK and not the target of the comic (in my opinion)

Economics is science like sociology is science, not like medicine is science. Glad to clear that up for you. Also, what you're doing is cultism, not science.

this is the kind of brain that only Econ can attract

sorry, if modern economics dismisses the fact that people can't eat, it's not really useful

economics is cool I wish they'd make it real

Vaccines start with the notion we should reduce who gets viruses and other illnesses. I see no reason to question the starting point here?

Psychology is also real, as is medicine, but most doctors dealing with trans folks are allowed to be quacks at best and objectively harmful Mengeles at worst. It's almost like there's, I dunno societal systems of some sort. Maybe you can analyze in some type of... Systemic analysis? Crazy!