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 such 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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