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To: kormac who wrote (70156)1/3/2011 9:28:59 AM
From: Tommaso3 Recommendations  Respond to of 217668
 
Economics is not a pseudoscience, but it is certainly not a science with mathematical exactitude. Economics is often polluted with politics and psychology. It is closer to history than to any other broad area of knowledge. Economics should deal with physical things and with quantities, but to try to use anything beyond the simplest aspects of the physical sciences and basic arithmetic is a mistake. Basically it has to do with how physical things are produced, distributed, and consumed.

The horrible mistake that is being made right now in the United States is to suppose that economics has to do with how the game is played with the paper symbols for physical things, rather than the things themselves.