It was derivative from a comment I read, in the WSJ of course, in which the letter writer said he had heard it from an old teacher who stated it as "economics is history pretending to be physics". I liked masquarade better, as it better captured the deliberate pseudotechnical posturing of economists who present their opinions as though they were scientists. It is an excellent example of the fallacy "pseudoauthroity".
It was derivative from a comment I read, in the WSJ of course, in which the letter writer said he had heard it from an old teacher who stated it as "economics is history pretending to be physics". I liked masquarade better, as it better captured the deliberate pseudotechnical posturing of economists who present their opinions as though they were scientists. It is an excellent example of the fallacy "pseudoauthroity".
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