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November 1st, 2015, 02:29 PM   #1
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Math Focus: Analysis
A Monolithic Perspective on Economic Methodology

A Monolithic Perspective on Economic Methodology

I post this here in the chemistry section because I use chemistry as my example of how to do science right.

Quote:
Originally Posted by J. P. Bouchaud
Though scores of physicists have been recruited by financial institutions over the last few decades, these physicists seem to have forgotten the methodology of natural sciences.
Indeed! The only problem is that Mr. Bouchaud has the methodology of natural sciences all wrong.

Just because Mr. Bouchaud is an admirer of chemists and physicists does not imply that they want to have anything to do with this idiot. Chemists need to occasionally swat away those pesky economists clinging to their coat tails. If you are seen walking down the street with economists swinging from your coat tail, people might get the impression that you want them back there.
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July 18th, 2016, 06:12 AM   #2
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The Gene Pool

Economics modelling relevance to and from other fields is a hot topic of late.

Darwinian theory seems to be the best approach to assessing connections between economics and natural sciences such as chemistry.

For example, how does our evolutionary analysis of reproductively-viable (and hence competitive) mate selection inform our study of competition-variability economics models?



Sexual Selection and Mating Systems


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July 19th, 2016, 08:31 AM   #3
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I doubt you will get much comfort from Grozny.

He first critiques orthodox economics using something written by a survivalist nut rather than an economist.

He then argues that natural science is founded on axioms, presumably a priori ones, rather than observation and experiment. He seems to have absorbed Mises whole, including the complete rejection of empirical verification.
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