Economics, the pseudoscience

Yes, you will raise an objection. Without the modern (mathematized) economy the world would be an absolute mess.

We must know the relations between inflation, unemployment, economical output, real estate, consumption and so on.

But there is leftist or rightist economics, am I wrong? No, I am not wrong. Imagine leftist or rightist chemistry, physics, mathematics, engineering, programming.

The models modern economics is using are very limited in their use. Because we don’t understand human behavior which is sometimes unpredictable. The modern economics couldn’t predict a huge economical crisis.

In astrology, you will predict the movement of the heavenly body by inches (I am exaggerating). Economics fails to do such a thing.

I am not a Marxist or Neo-Marxist but Marx made some good points – for example, described surplus value. Today’s heavily politicized economics, however, doesn’t use it.


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