In case of economics, the gap between "social science" and "entirely made up" is ten miles long and filled with hellfire.
The laws of economics have the kind of inevitability you expect from the laws of physics. Disrespect them at your own peril.
The laws of economics have the kind of inevitability you expect from the laws of physics. Disrespect them at your own peril.
Absolutely not- that is ridiculous.
Let's take "supply and demand" for example. Supply and demand only applies when you assume greed and capitalism. In a different social construct, the traditional supply & demand completely falls apart. But the problem is economics is presented as some sort of fact of nature. It just reinforces survival of the fittest instead of society that helps everyone.
Increasing prices because of demand is not the law of the land- it's a greed of humans that you normalize and make acceptable.