Economics is a Pseudoscience

#Economics:

1. makes dodgy assumptions:

It assumes people make rational decisions, but we know that's not always true.

2. can't predict the #future:

Its models and theories often get it wrong, and they're frequently changed or scrapped when new data comes in.

3. oversimplifies things:

It tries to explain complex systems with simple models, which is way too #misleading.

4. ignores #uncertainty:

It doesn't account for things that are unpredictable, which leads to bad predictions.

5. doesn't test its theories properly:

It relies too much on maths and not enough on real-world #evidence.

6. ignores power and politics:

It assumes #markets are fair and efficient, but we all know that's very rarely true.

7. doesn't have a unified #theory:

It's got lots of different theories and models, but no single one can explain everything.

8. relies too much on #maths:

It uses maths to explain things, but maths can be misleading if it's not based on real-world evidence.

9. ignores external factors:

It doesn't account for things like environmental damage and social inequality, which can affect the #economy.

10. isn't transparent or accountable:

Economic #research is influenced by personal opinions or special interests, rather than being based on evidence.