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Why do you believe economists' predictions don't have a good track record?

• ionised 8y ago
  Maybe because of their track record?
  • throwawaymath 8y ago
    Can you share any examples?
    • CJefferson 8y ago
      Well, the inability to predict recessions, or the general moves of the economy for a start.
      • throwawaymath 8y ago
        That seems a little shortsighted. Do you also think climatologists and meteorologists are charlatans because they can't predict hurricanes or blizzards more than weeks in advance? You'll have to do better than that, because the majority of economic literature does not attempt to forecast movements, it attempts to model them and understand them. The "track record" you speak of is not actually the track record of economics, it's just a meme armchair economists like to repeat (generally without a non-snarky defense of their point).