Yes, economics is the most hyped pseudo-science and just because it "is mathematics, man! so it cannot be wrong...".
Like Varoufakis claiming he uses "Game Theory...".
Wilmott has a great example of the uselessness of mathematics in the real world when it comes to things that cannot be properly modeled: "when a magician says he is going to guess the card that the person from the audience chose, what is the probability that he guesses right?"
Wrong model (or too simplistic) => absurd/uninformative conclusions.
But "they use cohomology, so they cannot be wrong".
Like Varoufakis claiming he uses "Game Theory...".
Wilmott has a great example of the uselessness of mathematics in the real world when it comes to things that cannot be properly modeled: "when a magician says he is going to guess the card that the person from the audience chose, what is the probability that he guesses right?"
Wrong model (or too simplistic) => absurd/uninformative conclusions.
But "they use cohomology, so they cannot be wrong".