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72 sats \ 3 replies \ @SimpleStacker 6 Aug \ parent \ on: Jeff Bezos’s Yacht: Driver of Economic Activity econ
You might be onto something. Mathematical reasoning is not superior to verbal reasoning. The mathematical approach may be more pure and rigorous, but it also leaves out a lot of the nuances of human behavior. Mainstream economists tend to over-elevate the claims of mathematical models.
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30 sats \ 1 reply \ @Undisciplined 6 Aug
This is why I say these modelling results should be used to hint at results that can be developed more rigorously.
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0 sats \ 0 replies \ @Rothbardian_fanatic OP 6 Aug
Again, this may cause a lot of circular reasoning, like The ScienceTM does in service to its paymasters.
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0 sats \ 0 replies \ @Rothbardian_fanatic OP 6 Aug
In my thinking, the nuances are also very important for understanding human actions and trying to imposing rigid rules of mathematics on them is fruitless.
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