Modern Monetary Theory discussion

[Hygro]

This I do not get. I would say that "how something changes" as synonymous with "the function of something and time". What do you mean by the word?

For a change to occur, there would need to be time. For a thing to be recognized as a change, time need not be part of the equation.

 

[Naskra]

What I think there should be is combinations of the mathematical models and vast economic data

This won't work. Physics succeeds because it is built entirely upon three eudoxean magnitudes: space, time, and mass. i.e. every unit of mass is identical to every other in its inertial properties, 1gram + 1gram = 2grams. These magnitudes are suitable for mathematics. Economics has no analog to these - 2 dollars does not have twice the value of 1 dollar. It may have more or less depending on circumstances. Treating something that is merely countable as an algebraic variable is category error. Economists routinely misuse the word "measure". They measure nothing, ever. Even time in economics is discounted at an uncertain rate.
Models is the wrong name for the constructions of these people.

 

[Birdjaguar]

^^^ Philosophers pretending to be scientists?