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> Economics isn’t science. It may be instructive here to distinguish between Macro, which has had the problem of not being able to produce scientifically valid
by polynomial 8y ago
> Economics isn’t science.
It may be instructive here to distinguish between Macro, which has had the problem of not being able to produce scientifically valid models, and Micro which has arguably made gains in predictive modeling of parts of the system. (Sort of like physics, where we have strongly predictive pieces, but no accepted TOE?)