tag:blogger.com,1999:blog-26706564.post6525027469033849105..comments2024-03-25T07:51:47.758-04:00Comments on Thoughts On Economics: Economics And Physics: A DisanalogyRobert Vienneauhttp://www.blogger.com/profile/14748118392842775431noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-26706564.post-48816492324348136402014-01-14T11:20:16.125-05:002014-01-14T11:20:16.125-05:00The German economist Gustav Schmoller of the Histo...The German economist Gustav Schmoller of the Historical School thought that the economic science is not yet ready for deductive theories. I think that he is right. On the other hand this means that economics can only be common sense, which is vulnerable for power-based manipulations. Probably it would be better to teach the neoclassical theory only in the third year or so. The first study years could be devoted to courses about the real economy, industrial organization and econometrics.Emil Bakkumhttp://www.hgdewolff.nlnoreply@blogger.com