Thursday, February 21, 2013
Empirical Economics Is In No Way, Shape, Or Form Scientific.
Static data that misses the subjective nature of human action in a dynamic system of human action is not a good starting point.
Then for someone with limited knowledge (which is an unavoidable condition of all human beings) to be arrogant or foolish enough to interpret the meaning (as if possessing omnipresent and omniscient powers extending across the time horizon) of this static data, and then combining that ego-driven interpretation with a motivation to interfere with the natural processes in favor of some ego-driven goals is not in any way, shape, or form scientific.
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