“The failure of economics is due to the use of axiomatic method”
Math and Science have ENTIRELY different methodologies which are suitable to them. Because of the spectacular success of the axiomatic method in Mathematics, people naturally started using the same method for science. This proved to be an equally spectacular failure. The scientific method involves making observations about nature and then GUESSING at laws which generate the observed patterns — that is induction. Later, one can verify these guesses by the means of experiments. To see that scientific laws and mathematical laws are entirely different creatures, do the following simple thought experiment. Consider the Pythagorean Theorem. It would make no sense to draw triangles and measure their sides to verify it, or to attempt to find a counterexample to the law. In contrast, because scientific laws are established on basis of empirical evidence and guesses, EVERY law is subject to empirical verification and has the potential to be refuted empirically. As Popper put it, if there is no potential observation which could conflict with the law, then it is not a scientific law. The observational and empirical aspect of science means that it cannot be axiomatic. GREAT progress in science resulted PRECISELY from dropping the axiomatic methodology and switching to an observational and inductive process which led to scientific laws which could never be proven, UNLIKE mathematical laws. The failure of economics is due to the use of axiomatic method, which is eminently unsuitable for natural science, as was proven in the course of history.