economics is not a science, it's not even a humanity; it's an inhumanity.
this post was submitted on 20 May 2025
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It's a "science" manufactured to justify neoliberalism and a failing global capitalist system.
I'm a STEM person, so I thought I'd take an economics class in college and it's all basically voodoo. The textbook contradicted itself all the time and the reasoning was full of fallacies. Do not recommend.
i almost believe there has to be like a reckoning in economics, kind of like with psychology and the backlash against freud. far too many of the assumptions are taken for granted as fact despite haveing no data to back them (like the laffer curve, really?). they just get propogated because rich white men said stuff that benefits them.
like there is definitely some truth to glean in economics. but as it stands, it’s a disservice to call it a science.
Nobody ever looked at the laffer curve and went "huh, so we cut taxes for the rich, and tax revenue went down, that means we should raise taxes for the rich."
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like there is definitely some truth to glean in economics. but as it stands, it’s a disservice to call it a science.
absolutely, my statement was real edgelordy, but the idea behind economics, that is to say "resource management" is a valuable field of study, but as you say, it's all been manipulated shit to make the rich richer.
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I swear I hate how economics is misusing math and graphs in particular
i swear! pick up the average econ 101 textbook and it’s just pro-capitalist propaganda. and not like veiled either—freshmen in college are getting told “here’s why minimum wages never work” while at the same time getting told “but corporate bailouts are just natural and nothing we can do to stop them”—and no real analysis, just propaganda.
all using what is essentially the mathematics version of a rabbit in a hat with hyper-simplified graphs and algorithms that “prove” their point flat earther style.
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