this post was submitted on 20 Aug 2023
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[–] qyron@sopuli.xyz 8 points 2 years ago (1 children)

Economics started as a branch of philosophy that got a lot of support because it draw a lot of support for its theory from maths.

Then, more recently, a good number of very inteligent people noticed the behaviours of economic models could be better predict and understood by using very simple psychological analysis and models.

I remember reading an article by two physicists where they just picked the oh-so-precious math of a given economic model, analysed it using the methods used to analyse physics and concluded the model was faulty by x+y+z.

Economics is... a very strange thing.

[–] kaffiene@lemmy.world 6 points 2 years ago (1 children)

All science started as an offshoot from Philosophy.

[–] qyron@sopuli.xyz 2 points 2 years ago (1 children)

Yes but most people tend to think Economics is an offshoot of Mathematics, due to its connection with it.

[–] kaffiene@lemmy.world 1 points 2 years ago (1 children)

What connection? It has about as much connection to math as astrology or social science

[–] qyron@sopuli.xyz 1 points 2 years ago (1 children)

Social Sciences use statistics and probability mathematics.

Astrology, to what I know, uses a lot of trignometry.

After checking the syllabus for an Economics degree in my country there courses of Calculus, Accounting and Algebra, all mandatory.

[–] kaffiene@lemmy.world 1 points 2 years ago

Whatevs. That doesn't make Economics a branch of mathematics