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economics is not a hard science (lemmy.world)

submitted 2 years ago by an_onanist@lemmy.world to c/memes@lemmy.world

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[–] Teppic@kbin.social 4 points 2 years ago

Economy` is pseudo-science at its best.

This sentence doesn't even make sense.
Econometrics is highly research driven and evidence based. In it's simplest form econometrics says if you put prices down you will (usually) sell more of your product. You'd dismiss this observation as pseudo-science?