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Economics is NOT a science

Wednesday, December 5, 2012 1:32
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Read aguanomics http://www.aguanomics.com/ for the world’s best analysis of the politics and economics of water I love this book:

Borrowing the prestige of scientific language and methods from the biological sciences, many social scientists have envisioned and tried to effect an objective, precise, and strictly replicable set of techniques — a set of techniques that gives impartial and quantitative answers.

Thus most forms of formal policy analysis and cost-benefit analysis manage, through heroic assumptions and an implausible metric for comparing incommensurate variables, to produce a quantitative answer to thorny questions. They achieve impartiality, precision, and replicability at the cost of accuracy. — James C. Scott, Seeing like a State (1998)



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