Re: @I guess that's economists for you
>>"Really? When The Git was in Big School, logic was taught by a philosophy major."
If I were to list the number of occasions I had seen someone assume that because they understood logic and had decent reasoning skills, they could make pronouncements in any field by abstracting a few gross principles and finding a pleasing conclusion, we would be here for a very long time.
>>"Unsurprising really since logic has been an important part of philosophy since at least Aristotle's day over 2,000 years ago"
Case in point, Aristotle loved his idea of his five elements to explain matter. And justified it with assumptions and logic based upon them because the conclusion seemed elegant to him.
The arrogance of someone who thinks their logic skills from Philosophy classes allow them to dabble usefully in a field as complex of economics is staggering. Reminds me of a manger who used to do some coding and thus gets the basic principles. You'd think it would be good but it's so long since they did it and their understanding is so rudimentary that all it really leads to is someone thinking they understand it when they're really just making loose generalisations that elide a lot of complexity. Much like this article.