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It is exceptionally difficult to prove economic theories because experiments cannot be repeated. The variables are always changing, and there is far from compl
by blunte 8y ago
It is exceptionally difficult to prove economic theories because experiments cannot be repeated. The variables are always changing, and there is far from complete control over them.
- taffer 8y agoMicroeconomists and behavioural economists do indeed conduct repeatable experiments. This is more difficult for macroeconomists, of course, but the same is true for many sciences, such as theoretical physics, climate science or much of biology.