Economics, not even a two-bit science

Fundamentally, economics traces its foundation to a matter of choice, selection or comparison, or to an iterative ordinal ranking of alternatives. In each case, the result can be completely expressed as A or ~A, yes or no, higher or lower, 0 or 1.

In other words, economics is a one-bit science, with only a sign or direction bit needed, and no additional magnitude bits.

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