Tag: economical models
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Economics and psychometrics? What is a pseudoscience?
Economics and psychometrics share some of the same features. They are undoubtedly humanities. We cannot go without relationships between inflation, unemployment, interest rates, and so on. However, economics is undoubtedly a pseudoscience. It basically cannot predict crisis, human behavior, heavily depends on mathematical formalism without real-world application, and so on. Psychometrics offers huge numbers of…
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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,…