Comment on Flowchart for STEM

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StopJoiningWars@discuss.online ⁨4⁩ ⁨months⁩ ago

You could literally apply this nonsensical logic to any other field that uses maths and say “it’s mathematics, not X”. This is a non-argument.

“Policy Making is Politics”, politicians implement policies, but the ones behind the scenes who actually do the math to optimise these policies and advise politicians are economists.

“Conclusion-Driven” this is just plain false. There is an overwhelming amount of empiricism in the economics field.

“Economists have predicted 8 of the last 2 Recessions” … and have learned from these mistakes. These were described and studied in detail in my course, and you then go on to say that macroeconomics do not seem to be falsifiable. Yes there are no ways to ethically have experiments in economics, but there are plenty of workarounds to not being able to experiment. Natural experiments are rare but they do exist, as well as a myriad of other data science methods to derive conclusions from real life scenarios.

Finally, “when I worked in Finance”. Finance is a single field of economics, it does not encompass all there is to learn from economics. There is also a conflation from those who study finance courses that what is taught in economics courses is similar. It isn’t. Economics is a STEM field, while finance is a business field.

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