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I'm sorry to be seeming to make a straw man, but do you actually in sober thought think that economics is as well-understood as physics?
by curuinor 9y ago
I'm sorry to be seeming to make a straw man, but do you actually in sober thought think that economics is as well-understood as physics?
- craftyguy 9y agoDid you just post a rebutal to your original comment calling for 'experiments'? If economics is as mysterious as you say, how can you design experiments that produce verifiable and reproducible results?
- curuinor 9y agoPhysics has had a lot of predictive power: economics hasn't. "Asteroids are incredibly powerful" is a physical statement, and a physical statement of causation that you can only make because physics is better-understood. With exceptions, physical statements have predictive power. With exceptions, economic statements don't. So that's why I say that causality in economics is not generally understood.