Row 54318

Row ID: 54318 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 54318 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

>The math that attempts to explain the economy or businesses is driven by human choices both on the consumer level and politics/business leader level. It's impossible to ever be reliably predictive so it fails to be a science IMO

Just simply not true. Economics is rigorous as a science, and is reliably predictive. It's just not predictive about things that lay people seem to care about - like the direction of the economy as a whole.

It can reliably predict the results of policies like rent control, or tariffs, or subsidies, or tax changes, or a myriad of other things. The problem is that people want economists to predict whether the economy is going to thrive or crash, or they base their criticisms on theoretical economics and not applied economics.

FieldValue
text >The math that attempts to explain the economy or businesses is driven by human choices both on the consumer level and politics/business leader level. It's impossible to ever be reliably predictive so it fails to be a science IMO Just simply not true. Economics is rigorous as a science, and is reliably predictive. It's just not predictive about things that lay people seem to care about - like the direction of the economy as a whole. It can reliably predict the results of policies like rent co…
label r/economics
dataType comment
communityName r/Economics
datetime 2024-05-22
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Raw Record

{
  "text": ">The math that attempts to explain the economy or businesses is driven by human choices both on the consumer level and politics/business leader level. It's impossible to ever be reliably predictive so it fails to be a science IMO\n\nJust simply not true. Economics is rigorous as a science, and is reliably predictive. It's just not predictive about things that lay people seem to care about - like the direction of the economy as a whole. \n\nIt can reliably predict the results of policies like rent control, or tariffs, or subsidies, or tax changes, or a myriad of other things. The problem is that people want economists to predict whether the economy is going to thrive or crash, or they base their criticisms on theoretical economics and not applied economics.",
  "label": "r/economics",
  "dataType": "comment",
  "communityName": "r/Economics",
  "datetime": "2024-05-22",
  "username_encoded": "Z0FBQUFBQm5Lak1WcFd3Zl9pNDh6emN3Z1VnTU41enZ5Z3BLVUVsbkpTS0FWMGJtclZfdU9MZzZyQ1UtaEo3ZnI1U1JVNjZ2cjlERDMwU21keF81S3RBZjgxX1RVNDJtMl8wUW92dXBMczJKU3RPR2hSWjVualU9",
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}

Entry Information