If economics seems like a weird science it's because -- when pursued realistically -- the science is self-abolishing. ...
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... The object of economics (i.e. the economy aka "capitalism") is essentially its own best epistemological engine. ...
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... If economics seeks to defend its scientific status following this fundamental discovery, it undergoes radical corruption, to become a political-administrative organ rooted in error. ...
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... This is Macro. It lies professionally for the state. ...
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... The alternative (consistent with the Efficient Markets Hypothesis) is self-dissolution into venture capital, or crypto-currency innovation in the best case.
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Replying to @Outsideness
'...(consistent with the Efficient Markets Hypothesis) ...' O dear.
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Replying to @Stebbing_Heuer
The Efficient Markets Hypothesis might not satisfy Platonic aspirations but it's the best we're ever going to get. ...
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Replying to @Outsideness
The hypothesis ‘securities prices reflect God’s will’ is equally as testable, and has the same explanatory and predictive power, as the EMH.
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Securities prices do reflect God's will, given only a minimally realistic theology.
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Replying to @Outsideness
Assuming god exists, then everything must necessarily reflect god’s will. And so the explanation explains the reason for everything being as it is, at the same time as it gives us no insight into the phenomenon under consideration. Just like the EMH.
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Replying to @Stebbing_Heuer
EMH recommends against all policy intervention into the market system. That's more important than 'insight' (which is for venture capitalists).
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