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user-inactivated · 2686 days ago · link · · parent · post: By fetishising mathematical models, economists turned economics into a highly paid pseudoscience
If Alice does Bob's horoscope and Bob, believing it to predict his future, acts in accordance with it, then Alice's horoscope accurately predicted Bob's future behavior. I don't think comparing economics to astrology is unfair.
Alice isn't attempting to determine Bob's behavior. Alice is attempting to determine the influence of the heavens on the events that surround Bob. There is no scientific method that connects the world around Bob to Alice's observations. If Carol studies Bob's reactions to Alice's predictions, Carol is a sociologist.