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<p>[QUOTE=&quot;V. Kurt Bellman, post: 2696856, member: 71723&quot;]All that&#039;s good stuff EXCEPT for one key error - economics is EVERY BIT the science that medicine, physics or chemistry is, and it responds to the scientific method just as readily. It is the &quot;deniers&quot; of economics as science who &quot;are the problem&quot; per se.</p><p><br /></p><p>The locus of the error is people pretend that since &quot;persons&quot; are scientifically not quantifiable, therefore &quot;people&quot; also are not. That is the fallacy of composition writ large. &quot;People&quot; as a whole can be studied as a science while any individual may or may not conform.</p><p><br /></p><p>This is the singular fallacy of many of my contemporaries, the &quot;you don&#039;t know me&quot; fallacy. I can very much know about &quot;people like you&quot; without knowing you, per se. I know that&#039;s an unpopular truth, but it is truth nonetheless.</p><p><br /></p><p>See:</p><p><a href="http://study.com/academy/lesson/the-fallacy-of-composition-in-economics-definition-examples.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://study.com/academy/lesson/the-fallacy-of-composition-in-economics-definition-examples.html" rel="nofollow">http://study.com/academy/lesson/the-fallacy-of-composition-in-economics-definition-examples.html</a>[/QUOTE]</p><p><br /></p>

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