4 ms·
> Those “strange assumptions” are what distinguishes economics from disciplines whose models are so under specified that they can’t be proven wrong When an eco
by soVeryTired 7y ago
> Those “strange assumptions” are what distinguishes economics from disciplines whose models are so under specified that they can’t be proven wrong
When an economist sees evidence against the prevailing models, they call it a 'puzzle' and write a paper on it. So then there's one model per puzzle.
That doesn't really feel like an approach that allows falsification either.