this post was submitted on 26 Jan 2026
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"Economics is basically math" is one of the greatest PR stunts that anybody ever pulled. Mainstream economics is pseudoscience sprinkled with some maths so people take it more seriously, it has barely any more predictive power than palm reading.
The main reason being that if they actually did the math in good faith, the outcomes wouldn't fit the preordained conclusions. A researcher recently wrote about his experiences trying to get a bad study retracted and being stonewalled.