[A. Pole]

True, its the difference between math and folklore. Thats why its a math model, not shaking a stick.

Just because many economists like to ape physicists by constructing "math models" does not make their concepts more scientific.

Cargo cult members can worship high tech items without being technologically advanced.

[Sonny M]

Just because many economists like to ape physicists by constructing "math models" does not make their concepts more scientific.

The economic models that people should use, should be basic, not social science.

I use models for things such as allocation of resources, and maximization or revenue (i.e. how much to raise rents in a certain area, and how fast an apartment will rent out at a certain rent).

Math is a tool to do that, the model gets revised from time to time (because time changes).

I avoid the whole "sociology" fad that everyone seems to be following.

Math is many things, but witchcraft it is not.....nor is it sociology.

And using a math model is a hell of alot better then what my predecessor did.....trial and error.

LOL.