Re: debate: to get a Master's Degree in CS or Not




"Randy" <joe@xxxxxxxxxxxxxxx> wrote in message
news:dpjpmp$639$1@xxxxxxxxxxxxxxx
> Now economics... THERE I'll agree with you. Talk about reversals and
> inconsistencies and a lack of rigor.

LOL. Your post is well written, but I gotta reply to that. First of all,
I've been in enough legal discussions to know that legal language is utterly
lacking in rigor. There's no contract in the world that a better lawyer
can't undermine. There is no objective test for correctness of legalese that
is independent of the *opinions* of a judge/jury.

This is not the case for physics, or economics, where reality is the
objective test. No amount of wishful thinking is going to make the
geocentric theory fit the facts. Physical reality doesn't change over time,
neither does economic reality. But legal realities do.

Most economists, perhaps well over 95%, simply do not understand their own
profession, which is why they produce reversals and inconsistencies. 95%+ of
economists believe in the Free Lunch, which is the economic equivalent of
violating the conservation of mass/energy physical laws. In physics, if your
results violate the conservation of mass/energy, you know you screwed up. In
economics, economists believe their theories because they wish them to be
true.

The problem economists have is that it is very difficult to produce
controlled experiments, which is why they are able to wave their hands and
explain their failures as being the result of some unforeseen circumstance,
not as a problem with their theory.


.



Relevant Pages

  • Re: statistical mechanics vs economics
    ... VERY basic and hopeless tool to enable to one group of economists to ... Models created in the physical sciences often have their methodolgy ... Economics is full of examples where mathematical methods from physics ... can't see the determinants of the seemingly random behavour they indeed ...
    (sci.physics.research)
  • Re: The writing is on the wall
    ... is to correctly understand physics and to implement things that comply ... Economists' jobs appear to be to misunderstand ... And, yes, engineers DO have to be aware of the laws of physics and ... hear lies, that lies pay the bills, and that the "system" demands ...
    (rec.martial-arts)
  • Re: The writing is on the wall
    ... is to correctly understand physics and to implement things that comply ... Economists' jobs appear to be to misunderstand ... keep saying these people are unaware r ignorant or stupid, ... hear lies, that lies pay the bills, and that the "system" demands ...
    (rec.martial-arts)
  • Re: statistical mechanics vs economics
    ... > The Cobb-Douglas production function is merely a mathematical convenience in ... Economists are not stupid. ... The fact that physics reaches a ... economists are happy with Cobb-Douglas-like ...
    (sci.physics.research)
  • Re: The writing is on the wall
    ... any economists think anything of the sort. ... even though production is NOT a matter of market price, ... the laws of physics cannot be violated. ... beholden to politicians, ...
    (rec.martial-arts)