A Quote by Nassim Nicholas Taleb

Economics make homeopath and alternative healers look empirical and scientific. — © Nassim Nicholas Taleb
Economics make homeopath and alternative healers look empirical and scientific.
Doctors still retain a high degree of public confidence because they are perceived as healers. Should lawyers not be healers? Healers, not warriors? Healers, not procurers? Healers, not hired guns?
A system is empirical or scientific only if it is capable of being tested by experience. These considerations suggest that not the verifiability but the falsifiability of a system is to be taken as a criterion of demarcation... It must be possible for an empirical or scientific system to be refuted by experience.
Climate change denial, anti-vaccination proponents, creationist teachers, faith healers, fake bomb detector peddlers, psychic frauds, alternative medicine pushers... we need scientific thinking. We need a generation of kids who think an experiment is more important than a preconceived notion or an argument from authority.
There is no other proposition in economics that has more solid empirical evidence supporting it than the Efficient Market Hypothesis... In the literature of finance, accounting, and the economics of uncertainty, the EMH is accepted as a fact of life.
A hypothesis is empirical or scientific only if it can be tested by experience. A hypothesis or theory which cannot be, at least in principle, falsified by empirical observations and experiments does not belong to the realm of science.
The truth is that the phenomena of artistic production are still so obscure, so baffling, we are still so far from an accurate scientific and psychological knowledge of their genesis or meaning, that we are forced to accept them as empirical facts; and empirical and non-explanatory names are the names that suit them best.
The theory that the biosphere was created without evolution, a few thousand years ago, is ruled out by overwhelming scientific evidence. To claim that there are 'alternative (always better) Biblical explanations of the same data', which make creationism a reasonable alternative to our best theories of biology and physics, is appalling intellectual dishonesty.
Economics and politics are so intertwined and interlinked that politics now, mainstream politics, extreme center politics, are little else but a version of concentrated economics. And this means that any alternative - alternative capitalism, left Keynesianism, intervention by the state to help the poor, rolling back the privatizations - becomes a huge issue. The entire weight of the extreme center and its media is turned against it, which in reality now is beginning to harm democracy.
The whole intention of empirical economics is to force theory down to Earth.
The indispensability argument says (roughly) that if you have ample reason to accept an empirical scientific theory that makes indispensable use of mathematics, and that theory entails that numbers exist, then you have ample reason to accept that numbers exist. The argument affirms the antecedent of this conditional, and concludes that you have ample reason to believe that numbers exist. What is striking about this argument is that it seems to show that the empirical reasons that suffice for accepting a scientific theory also suffice for accepting a metaphysical claim.
I realized a while back that I have an innate ability to be compassionate, and I saw that the strength of compassion is something that healers have and healers use.'
When people are running up more and more debt for housing, they call that "real wealth." It exposes what's wrong in the mainstream economics and why most of the economics that justifies austerity programs and economic shrinkage is in the textbooks is not scientific. Junk economics denies the role of debt and denies the fact that the economic system we have now is dysfunctional.
... scientific research is compounded of ... empirical procedures, general speculative ideas, and mathematical or abstract reasoning.
Often, some people dress something up to make it sound scientific, use scientific words, call themselves doctor something-or-other, and then you look them up, and they're trying to make it sound like something it's not. There's this entire field that's adding the word 'quantum' to everything. It doesn't even make sense in that context.
A healthy economics has got to have both conceptual, theoretical research and applied, empirical research.
It is this claim to a monopoly of meaning, rather than any special scientific doctrine, that makes science and religion look like competitors today. Scientism emerged not as the conclusion of scientific argument but as a chosen element in a worldview - a vision that attracted people by its contrast with what went before - which is, of course, how people very often do make such decisions, even ones that they afterwards call scientific.
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