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Is economics a pseudoscience?

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No, economics is a science, not a pseudoscience. But it's a social science, which means that its subjects are quite a bit more complex than those studied in, say, physics or chemistry. A black hole, for example, is an exotic object and difficult for us to understand, but it's surprisingly simple in structure; a particular black hole can be uniquely described by only three parameters. read more

The Pseudoscience of Economics Modern economics is obsessed with modelling. An overwhelming majority of academic papers on the subject work like so: they take data, and use data to construct formal mathematical models of economic processes. read more

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