plarq
Crazy forever
Q: Why is there no consensus of economics principles, while there is consensus like Newtonian physics and quantum physics?
A: The physics principles are either,
--by our knowledge, it is right.
--by our knowledge, it is approximately right.
--by our knowledge, it is right in certain condition.
While in economics,
there is something wrong,
there is something approximately wrong,
there is something that is wrong in certain conditions.
So, as long as you try one economic principles repetitively, it will eventually fail. That is why we cannot reach consensus since there is always a counter-example.
A: The physics principles are either,
--by our knowledge, it is right.
--by our knowledge, it is approximately right.
--by our knowledge, it is right in certain condition.
While in economics,
there is something wrong,
there is something approximately wrong,
there is something that is wrong in certain conditions.
So, as long as you try one economic principles repetitively, it will eventually fail. That is why we cannot reach consensus since there is always a counter-example.
