fossilesque@mander.xyzM to Science Memes@mander.xyzEnglish · 25 days agoIt's barely a science.mander.xyzimagemessage-square81linkfedilinkarrow-up1484
arrow-up1484imageIt's barely a science.mander.xyzfossilesque@mander.xyzM to Science Memes@mander.xyzEnglish · 25 days agomessage-square81linkfedilink
minus-squarenonentity@sh.itjust.workslinkfedilinkEnglisharrow-up31·24 days agoEconomics, as an intellectual discipline, is closer to theology than physics. Its power is proportional to the belief it commands. Finance is an arbitrary subset of mathematics, cherry picked to retroactively support a given economic model, and applied as its supporting mythology. It’s entirely imaginary, which means alternatives are only ever a conjuring away.
minus-square🍉 Albert 🍉@lemmy.worldlinkfedilinkEnglisharrow-up4·24 days agoit is closer to lobbying and propaganda than theology.
minus-squarenonentity@sh.itjust.workslinkfedilinkEnglisharrow-up5·24 days agoA distinction without a difference. Lobbying and propaganda are basically the prophesizing and scripture of politics.
minus-square🍉 Albert 🍉@lemmy.worldlinkfedilinkEnglisharrow-up2·24 days agonot going to mansplain my perceived difference between the two, but I think we agree on the jist of it
minus-squaretechnocrit@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up1·23 days ago Finance is an arbitrary subset of mathematics applied to money Kinda nitpicky but finance is applied math or engineering. Finance people haven’t done much in terms of actual math. There’s no money in math (literally and figuratively).
minus-squareKnock_Knock_Lemmy_In@lemmy.worldlinkfedilinkEnglisharrow-up1·23 days agoThe opposite. Its power is inversely proportional to the belief it commands. The efficient market hypothesis only works if people don’t believe it.
Economics, as an intellectual discipline, is closer to theology than physics. Its power is proportional to the belief it commands.
Finance is an arbitrary subset of mathematics, cherry picked to retroactively support a given economic model, and applied as its supporting mythology.
It’s entirely imaginary, which means alternatives are only ever a conjuring away.
it is closer to lobbying and propaganda than theology.
A distinction without a difference. Lobbying and propaganda are basically the prophesizing and scripture of politics.
not going to mansplain my perceived difference between the two, but I think we agree on the jist of it
Kinda nitpicky but finance is applied math or engineering. Finance people haven’t done much in terms of actual math. There’s no money in math (literally and figuratively).
The opposite. Its power is inversely proportional to the belief it commands.
The efficient market hypothesis only works if people don’t believe it.