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Desrtopa comments on Litany of a Bright Dilettante - Less Wrong Discussion

55 Post author: shminux 18 April 2013 05:06AM

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Comment author: Desrtopa 19 April 2013 03:06:56AM *  2 points [-]

Now, it is not necessarily true that economics is like other natural sciences, or like law or medicine.

I'm confused by this categorization of law.

I would suggest that economics is not best categorized as a science, since models are rarely tested and then discarded on falsification (real life conditions are rarely good enough at isolating variables to convince proponents that a hypothesis has seriously been falsified,) but that good economists probably do have expertise that an interested amateur couldn't duplicate with a few key insights. On the other hand, there's plenty of room in the field for economists whose learning amounts to indoctrination in models which offer no meaningful predictive advantage over ignorance.

I do not claim sufficient expertise to say who falls into what category.

Comment author: shminux 19 April 2013 04:44:08AM 0 points [-]

I don't know much about law, except that one needs to know a lot about it to pass the bar exam and to successfully navigate through many legal issues.

I share your suspicions about economics, but I have not read any definitive analysis on the matter.

Comment author: Desrtopa 19 April 2013 05:55:03AM 0 points [-]

Now that I look back at your comment, I see that I misread it in the first place; I missed the "or" before "like law or medicine."