What are your opinions on the discipline of Economics ? Do you think it has the potential to be used to help people or do you think it is simply a tool used by the rich and powerful.
Is Economics a science ? Is the mathematics behind it sound ?
I have friends who say it is fluff, that it is nothing more.
What do you think about Economics ? I have noticed as of late that policies that can be demonstrated to help the average person (such as higher minimum wages) under the right conditions are largely ignored.
I am interested to hear what some of you sound mathematicians think of Economics.