&gt; <i>So far no one has been able to meaningfully apply mathematics to economics, or we would have computers that can simulate markets like we can simulate tornadoes.</i><p>That only proves those problems are incredibly hard - and require incredible resources and work to think about in a formal, precise way. It&#x27;s also worth noting that you are therefore no more likely to be a good economist by guessing and waving hands than you&#x27;re likely to be a good meteorologist by spinning make-believe stories about which way the weather should be. Failure to understand the meaning of this point is a source of tremendous amount of stupid decisions and pointless politics.<p>Also, don&#x27;t confuse logic with math. The former is just a subset.