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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?

This is great lmfao

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.

...well over a decade ago, and on an international scale...but the authors retained their credentials and respectability afterwards! One of them got promoted to CHIEF ECONOMIST OF THE WORLD BANK! What am I supposed to think about the "legitimacy" of economics after that?

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.

lol! No, he was right. What do psychiatrists know about such things?

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.

Apparently the "nerd face" emoji is, in some carefully-undefined sense, "reactionary". The whole Unicode Consortium is basically Joseph Goebbels. Sorry you had to find out this way. bsky.app/profile/eiko...

Hey, look! A tankie being an idiot and then being smug about it to people who aren't idiots! Must be a day that ends with y!

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.

I'm sure posts like this will in no way consider the guy who knows programming languages and calendars to consider that he might be wrong on modern economics

it means gdp go up, thats why whenever theres 2 consecutives negative prints they act like the world is ending

What do they pretend to do?

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

Vaccines: hard science; economics: social science.

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

Such as? (Genuinely curious.)

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!

in economics. Firstly, the fact is that economists ARE members of the middle-class and above themselves, which has real potential to color their thinking. Secondly, it's legitimate to ask what is the aim of a particular economic policy that's being promoted.

Buddy I was a masters economist this is not at all equivalent, all serious economics is obsessed with dismissing other economics

Money only has value if people believe in it. That's magic, not science.

soft sciences stay losing

Marxism is the real economics. "Economics" as a discipline is a cargo cult version of that made to appeal to the ruling class.

I think you're confusing vaccinology (a real science) with economics (not a real science). Easily done if you're as thick as pigshit

I have more faith in folk in the health field making cool stuff to help people's actual bodies over an economist who relies on overglorified astrology to tell me about the make-believe health of a reification / fantasy like the economy. That's called being rational and existential, dumbass.

This is some seriously stupid shit

Hey, quick question. Is it cool when economists dismiss health science, tho?

Have you tried replacing "economics" with "phrenology"? Suddenly it's concerning that you won't dismiss racist pseudoscience...excuse me as I have to check my oven, I'm having my 401k for dinner.

Modern economics blames avocado toast a lot.

What you've written is soft antivax nonsense. Vaccines are believed in not because "experts" in a closed field purport that they are, but because that field is actually open and interacts well with all of enquiry.

Listen to this guy, he’s a scientician!

Hey buddy. The price of butter (and everything else) is 50-100% higher than it was 5 years ago. Grocer corp profits are all time high yet they claim inflation and salary increases force them to boost prices. The numbers are public, you can read their reports. We're getting abused. Hope this helps.

One of these is real science with broad consensus and empirical verification and the other is routinely mocked by even its practitioners. Get back to us when there’s something like “freshwater vs. saltwater immunology”

the difference is that real sciences work towards conclusions, whereas "modern economics" does the opposite

What a stupid point you are trying to make

Lol shut the fuck up

Economics isnt science. Disease causing microbes are real, tangible things. Money is a concept we came up with. Hope this helps.

money isn't real hth

Your entire profession has spent the last two centuries trying and failing miserably to disprove Karl Marx. You force yourself to believe obvious lies because your paycheck depends upon your not understanding the truth. Sit the fuck down.

economics isnt a science. its a set of arbitrary rules for distributing wealth according to the whims of the actors with the most influence. pretending its like an exercise in truth seeking is dopey fantasy dogmatic thinking.

Economics is just astrology for men

Economists exist because of Jeffrey Epstein. Everyone alive might exist because of vaccines.