3 ms·
This is the difference between the science and not-science. The former allows predicting future, the latter doesn't.
by throwaway18468 7y ago
This is the difference between the science and not-science. The former allows predicting future, the latter doesn't.
- sprafa 7y agoExactly. Behavioural economics can do this, but macro fails at this at every point, or has so far. I think of it as essentially we’re at the bloodletting level of economics - we sort of think we understand how things work, but really, we don’t, and we might be causing more harm than benefit through our prescriptions.