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Comments on: Attacks from the left and the right on economics http://www.tvhe.co.nz/2010/04/13/attacks-from-the-left-and-the-right-on-economics/ The Visible Hand in Economics Fri, 16 Apr 2010 00:16:25 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Matt Nolan http://www.tvhe.co.nz/2010/04/13/attacks-from-the-left-and-the-right-on-economics/#comment-23845 Fri, 16 Apr 2010 00:16:25 +0000 http://www.tvhe.co.nz/?p=4854#comment-23845 @Bill Bennett

@Kimble

@Go Air

I think the comparison to physics is one we have to be careful with – economics and physics are actually surprisingly “inexact sciences”. However, the method – trying to separate “objective” and “subjective” elements – is definitely shared.

@steve

Very true. I imagine this is true for everyone in some sense, even economists. Which is why I think that discussing methodology is just as important for us (if not more) then it is for people who are not economists.

]]> By: steve http://www.tvhe.co.nz/2010/04/13/attacks-from-the-left-and-the-right-on-economics/#comment-23776 Wed, 14 Apr 2010 01:48:06 +0000 http://www.tvhe.co.nz/?p=4854#comment-23776 I think its more like the religious attacks on evolution. Even though all the facts and theories point one direction. people cannot accept a shift from their idealogy.

]]> By: Go Air http://www.tvhe.co.nz/2010/04/13/attacks-from-the-left-and-the-right-on-economics/#comment-23770 Tue, 13 Apr 2010 12:31:07 +0000 http://www.tvhe.co.nz/?p=4854#comment-23770 When I was in college. I was very week in Economics and also in Physics.
Bill is right, I think their is some similarity with both Eco and Physics.

]]> By: Kimble http://www.tvhe.co.nz/2010/04/13/attacks-from-the-left-and-the-right-on-economics/#comment-23762 Tue, 13 Apr 2010 00:01:10 +0000 http://www.tvhe.co.nz/?p=4854#comment-23762 Bill is right. Economics is just like physics. I think Matt would agree with me on this.

]]> By: Bill Bennett http://www.tvhe.co.nz/2010/04/13/attacks-from-the-left-and-the-right-on-economics/#comment-23760 Mon, 12 Apr 2010 23:04:18 +0000 http://www.tvhe.co.nz/?p=4854#comment-23760 Political attacks on economics are like, but not exactly the same as, political attacks on the laws of Physics.

It doesn’t matter what ideologies say, the Earth still revolves around the Sun, Newton’s laws of motion are a good approximation and E still equals MC squared.

The problem with economics is that many assumptions and a lot of the data are more subjective than the speed of celestial spheres.

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