Social /sci/ences

>>8856970
>social
>science
pick one

Not in any sort of civil way

>>8856971
Are you implying the current incarnation of government funded corruption resembles any sort of real science in the maths department buddy?

>>8856973
How come economics and other "social sciences" ignore important human factors. So say we can increase the GDP by .5 points, why do it when it comes at the cost of increased third world immigration that disrupts important community bonds? It's very disconnected and inconsiderate, there are many factors not invluded in analysis. So you have people like economists completely out of touch with the average citizen.

>>8856970
What are the laws and formulas of social sciences?

>>8856970
No, your science has to be esoteric and loaded with symbology to be accepted here

>>8856970
Its almost entirely based different philosphy (postmodernism) than regular science and math (modernism)

Calling it a science is like calling "insert religion or political position here" a science

>>8856998
diversity + proximity = conflict

>>8857005
I can work on that

>>8856970
If you need to ask then you know the answer.

>>8857007
Are you serious? What do you even mean? Besides having a dim understanding of what religion is.

>>>/x/

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>>8857013

>>8856998
Fundamental laws of economics
Law 1. Decision-making entities have preferences
Law 2. Decision-making entities have a set of decisions to choose from
Law 3. Decision-making entities make decisions in line with their preferences

Everything else in economics can be derived from these three laws. For example, the branch of microeconomics known as "general equilibrium theory" derives the usual laws of demand and supply in the context of a market where various decision-making entities (e.g. buyers and sellers) interact.

In macroeconomics, governments act as decision-making entities for their country in order to maximize GDP. Actually it's a bit more subtle than that, because countries can squander their resources and quickly boost GDP in the short-run, or focus on conserving their resources and obtaining slower but more sustainable GDP growth.
It turns out that this level of "short-sightedness" of a country (which determines its type of development) is controlled by the global interest rate: when the rates are high a country prefers to invest its resources and reap the high returns, but when rates are low the resources sit idle (recession) or get funneled into high-risk, low-return ventures.

So to answer the question >>8856989 the low interest rates induce governments to prefer short-term gains to long-term costs. If your government is too impatient for your liking (or if they are neglecting particular costs that you deem important, such as social costs) then that's what the ballot box is for. But that's a political rather than economic issue.