09-10-2017, 11:04 AM
(09-10-2017, 07:14 AM)Bob Butler 54 Wrote:(09-09-2017, 09:02 PM)Warren Dew Wrote: If you're going to understand the quantitative aspects of economics and understand how the economy actually works, you have to use algebra, and in the case of understanding Georgist land taxes, an understanding of calculus is pretty necessary as well. If you don't think of economics in mathematical terms, you're not really using economics at all; you're just making political arguments couched in misused economic terminology. I do understand that the left is often happy to misuse economics in this way, but the truth is, economics without math is as worthless as physics without math.
Truth there. However an opposing Truth can be found in an old saw. Garbage in, garbage out.
The math starts with values based assumptions.
Interesting that you consider the assumption that land area is largely constant, which is the assumption behind Georgist taxation, to be a "values based assumption". But then, I guess like much of the left, if the facts are against you, you dismiss them as "values based" and make up your own "facts".