Can economics explain more than sociology or/and psychology?

The following problem can also be better explained and better solved by economics:

Money is the result of the effort to quantize, document, and manipulate power.
Economics is the study of social influence via money.

The affectance underlying all economics is the psychology of PHT - Perception of Hope and Threat (positive and negative charged influence/affectance).

Economicis is both subordinated and superordinated. It depends on to what and whom. Economics can both affect and be affected.

Economics is the study of the use of scarce resources. If you do not have a scarcity, Economics does not have anything to say about it. (Adam and Eve in the Garden of Eden had no reason to understand Economics.) Everything else falls form that. It does not explain sociology, nor psychology, instead it looks at reality from a different angle. Like a set of glasses that make the view clearer, but at times can make it more difficult, like wearing someone else’s glasses, or attempting to see a cell with a telescope. It is connected to Sociology and Psychology, because our society and our minds grew in a scarce environment.

As a person who is studying Economics in College, but who started out looking at a lot of chemistry books, there is a scary amount of parallels between Microeconomics, and Chemistry.

Now, Witchcraft, or Macroeconomics as some call it, was created by a mathematician, who at most had two economics classes in his whole life. It shows. Macro is amazingly mathematical, and in the same sense very separated from reality (note, all economic arguments for communism and socialism are macro arguments).

Economics attempts to use math to understand not just humans (which is simply its most common application) but nature and reality. Economic physics, Economic Biology, Economic Psychology are slowly becoming focuses because, they are a specific application of the two things. Expect more of this.

Econometrics is a hell of a lot of fun, and what every fucking sociologist and psychologist uses for any broad social trend.

The people we should all hate is political scientists… The bastards… ;-p (Note: no reason given, nor will any be provided.)

good, but do you see the problem with Keynesianism, the model of world banking destroying the planet and billionaires being just fine about it.

By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose."
John Maynard Keynes

Economics is the prime mover of society where psychology and sociology merely explains the behavioral implications of its effects.

I can agree with that.

And an environment of scarcity has behavior consequences and effects.

I see many problems with Keynesian Economics, but I’ll point out that even the Keynesians don’t go along with everything he said any more… “We are none of us Keynesian any more.” -Milton Friedman.

Inflation is one of the easiest ways to raise taxes without having to ask for permission… And that is just the tip…

True.

refreshing to see somebody on here who can understand the pitfalls of Keynesianism. On here or elsewhere. I find discussing economics with people who cannot comprehend ‘inflation’ (hidden tax, sure) nerve raking, to be honest, and considering what awaits the planet around the corner.

Never read friedman, just aware of his reputation, but von mise, hayek, rothbard,

I can agree with that.

:slight_smile:

Yes, but I remind you of the historical fact that Keynes was not the absolute winner of the Bretton Woods monetary conference. So the Bretton Woods system does not merely mean Keynesianism.

planet broken beyond repair… stable financial system??

If you ask me, then I answer you that the said financial system of Bretton Woods ended 1971, exactly on 15 August 1971 when Nixon relinquished the gold backing of the US Dollar. (And by the way: Keynes said during the Bretton Woods monetary conference that he wanted to relinquish the gold backing, but he meant the gold backing of the British Pound [ :laughing: ], and had no success, because the USA dominated the Bretton Woods monetary conference, so the gold standard was set at $ 35.00 an ounce, as you can see it on the table above.) Since the 15th of August 1971 the gold price and a phantom system of expectations of expectations have been exploding. Of course: it is an instable financial system, probably the most instable financial system of all times.

[size=85]Note: The 15th of August is also a Christian holiday, a Christian holy day: Assumption of Mary. :wink: [/size]

Richard Nixon in 1971 (!):

I’ve quite enjoyed the Hayek reading I’ve done, the fatal conceit being my favorite, and I need to do more Mises, and Rothbard. Friedman is sorta a student of them, though in a “idea whos time has come” sorta way. His papers destroying the theories of the great depression being fixed by the new deal are great… Mostly, though, I like his “Free to Choose” TV show. You can find examples of it on the Youtube. Its fun to watch (if you like that sort of thing).

Sure, many things are given to “his system” that he would never actually go along with. There are even interviews with Hayek, were he mentions that Keynes was “coming over to the other side of thinking.” Either way, it is the Keynesian system by terminology, though I suppose neo-classicists is the new name…

I stand with much of the problems with Keynesian Economics comes from a math basis. Things that work well on paper, theoretically, but don’t make much sense when put into practice empirically. It takes training in Economics to beat this into a persons head. (Or at least some good critical thinking classes, if I’m being generous to other fields.)

Also, a gold standard is stupid. (Simply put, it is an arbitrary set value that accomplishes little.) Note that the 35 an ounce has long sense been blown out of the water…

Bottom line: Government cannot mandate success, it can only mandate failure, all the little economic tricks people pretend are going to accomplish something come down to passing the failure to someone they don’t like politically.

Banks and corporations are super-organisms. Since the occidental - thus industrial - modernity these super-organisms have been becoming the dominating super-organisms, and since at least the beginning of the globalism they have been dominating the older super-organisms like the churches or the states. This implies that since then the newer super-organisms have been blackmailing the older super-organisms more and more. One of the symptoms that have been increasing since then is the female part of the human resources as a commons (compare: the tragedy of the commons).