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> "Paul Romer says he really hadn’t planned to trash macroeconomics as a math-obsessed pseudoscience." If I understand his critique correctly, it's that macroe
by vec 8y ago
> "Paul Romer says he really hadn’t planned to trash macroeconomics as a math-obsessed pseudoscience."
If I understand his critique correctly, it's that macroeconomics has used mathematical rigor and internal consistency to mask the common-sense observation that the models' actual connections to the real world phenomena they seek to simulate have almost completely eroded away.
I, for one, can think of a couple of reasons that vein of criticism might not be the sort of argument HN is primed to embrace.