It was confidently believed that the scientific successes of the industrial revolution could be carried through into the social sciences, particularly with such movements as Marxism. Psuedoscience came with a collection of idealistic nerds who tried to create a tailor-made society, the epitome of which is the central planner. Economics was the most likely candidate for such use of science; you can disguise charlatanism under the weight of equations, and nobody can catch you since there is no such thing as a controlled experiment.
~ Nassim Taleb, Fooled By Randomness, 2nd Edition, p. 108
Sep 5, 2008
Nassim Taleb on treating the social science of economics like a physical science
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