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Economics is in worse shape in some regards. Nobel prize winner Paul Romer has called out most macroeconomics as being completely detached from reality because
by narrator 8y ago
Economics is in worse shape in some regards. Nobel prize winner Paul Romer has called out most macroeconomics as being completely detached from reality because economic concepts and conditions that are talked about in scholarly papers cannot be identified in the real world by any method. [1]
[1] https://paulromer.net/trouble-with-macroeconomics-update/index.html https://paulromer.net/trouble-with-macroeconomics-update/ind...