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The "discipline of economics" has no predictive power whatsoever. All it offers are "explanations" that can't be translated into actionable policies.
by bingoboingo33 8y ago
The "discipline of economics" has no predictive power whatsoever. All it offers are "explanations" that can't be translated into actionable policies.
- mseebach 8y agoOh, it has plenty of predictive power, it's just not evenly distributed. When economists weigh in on contemporary politics, there are usually a lot of assumptions that doesn't quite make it into the soundbyte (and I don't want to pin this solely on the press, there are plenty of economists that are happy with this situation, as long as "their side" gets a boost). This, however, is the case for all members of the "political" sciences.