this post was submitted on 20 Aug 2023
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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.
All science started as an offshoot from Philosophy.
Yes but most people tend to think Economics is an offshoot of Mathematics, due to its connection with it.
What connection? It has about as much connection to math as astrology or social science
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.
Whatevs. That doesn't make Economics a branch of mathematics