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it is just speculatin' dressed up with math.
I had a working economist tell me that checking for normalcy of distributions was a waste of time because "economic statistics is far more sophisticated then that used by biologists and physicists" he also told me that doing derivatives of discontinuous functions was "normal" and done all the time by "scientists".
Neo-classical economics passes both the Popper and Latakos test of being pseudo-science
it is not falsifiable and does not predict novel truths that turn out to be true. Bah Humbug.
:) Although in the larger economic field there are quite a few very clever folks doing good work.