Economists are very arrogant too. They comment on things they don't have expertise in. But I want to mention something that is also a problem with 'Economics' and I learned this in my computer science course. We had to learn something called algorithmic game theory pioneered by economists but given a computer science twist. Their conceptualisation of a person is fundamentally wrong. They view people as 'rational actors', constantly optimising with perfect information at all times. Looking to maximise payoff or expected payoff. That's why all their predictions tend to be wrong headed and stupid from 2008 financial crisis where everyone who wasn't an economist could see it, to why they can't figure out why Africa can't develop. In economics there is no concept of power, there is no concept of marketing (creating irrational actors to create 'irrational margins'), there is no concept of emotions, there's no concept of time or space, there's no concept of politics the most important thing in economics. It's a very stupid conception of people. That's when I used to work in finance most people were either mathematicians, computer scientists or even historians because we understand the fundamental flaws in these conceptions while in economics it's a dogma.
I also want to add that if you don't look at philosophy you can never truly understand the sciences. When I was learning about Polar and Cartesian co-ordinate systems in my maths course I was attending a reading group which was quite philosophical and was reading Rene Descartes ('I think therefore I am' guy) who actually developed the system.
Thank you. We have to revisit our Afrikan Philosophies and change the education curricula.
Economists are very arrogant too. They comment on things they don't have expertise in.
But I want to mention something that is also a problem with 'Economics' and I learned this in my computer science course. We had to learn something called algorithmic game theory pioneered by economists but given a computer science twist. Their conceptualisation of a person is fundamentally wrong. They view people as 'rational actors', constantly optimising with perfect information at all times. Looking to maximise payoff or expected payoff.
That's why all their predictions tend to be wrong headed and stupid from 2008 financial crisis where everyone who wasn't an economist could see it, to why they can't figure out why Africa can't develop.
In economics there is no concept of power, there is no concept of marketing (creating irrational actors to create 'irrational margins'), there is no concept of emotions, there's no concept of time or space, there's no concept of politics the most important thing in economics.
It's a very stupid conception of people. That's when I used to work in finance most people were either mathematicians, computer scientists or even historians because we understand the fundamental flaws in these conceptions while in economics it's a dogma.
I also want to add that if you don't look at philosophy you can never truly understand the sciences. When I was learning about Polar and Cartesian co-ordinate systems in my maths course I was attending a reading group which was quite philosophical and was reading Rene Descartes ('I think therefore I am' guy) who actually developed the system.