[ExI] Psychology of markets explanations
thespike at satx.rr.com
Mon Jun 1 21:21:00 UTC 2009
At 12:19 PM 6/1/2009 -0700, Dan wrote:
>This is how laws work in economics. And they don't, as I've said
>before, have predictive value in the same way, say, chemical laws do
>-- because there are no constant relations in human action -- at
>least, none we know of.
Unless it's the phases of the moons of Saturn that control these
human action variables, I'd guess that you're pointing directly to
what Stathis and BillK and I mean by "psychological" components of
economic behavior. Whew! Glad that's resolved.
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