Economics

the nobel prize for economics was added only because a bank started funding the prize

true :3

Remember Frosh: Upon completion of Engineering Frosh Week, you all receive an honorary business degree!

*Cough* Keynesian *Cough*

Quit your bitching, yes econ is hard in the upper levels, but it is something that cannot be tested very well in a large scale. Economics is a social science unlike physics and chemistry, no amount of math is going to change that, so deal with it.

There are very good reasons to blame central banking and public policy economists who are often no more than faulty justifications for government intervention and expansion. I'm talking macro though, micro econ is awesome.

The scientist is just mad because the economics major make more money

So true. Not only do you make a good pay but you can also make big profit margins on the stock market making you get far more money each year.

Just because empirically-derived data is taken a crunched through a bunch of equations does not mean what you get out the other side is scientifically valid. To be valid, a scientific theory must be A) testable; it must posit things that can be substantiated or refuted with contrary evidence and B) it must be able to make predictions about future outcomes based on the theoretical models that have been established. Mainstream macroeconomics fails both of these tests.

First, because mainstream economic science fails to have any predictive value - all one has to do is look at the dotcom and housing bubbles to see the failure of "empirical" economic science. Number two, economics fails as an empirical science because in order to parrot the hard sciences it is forced to ignore subjective value. Human beings act to improve their lives based on the things they value. These values cannot be measured only in terms of money and are thus ignored by (most) economists.

yes they did create economics. how did economics happen? the rules of economy just happened? you make no sense. humans created a system where trade and commerce can flourish.

how does it make any sense at all? "if economics were a science, then people would be more rich"?