3 ms·
Did 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 pr
by craftyguy 9y ago
Did 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.