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Physics has had a lot of predictive power: economics hasn't. "Asteroids are incredibly powerful" is a physical statement, and a physical statement of causation
by curuinor 9y ago
Physics 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.