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What all this amounts to is that there is no theoretical understanding of the the social interactions that constitute the economy, only fitted relationships to
by SiempreViernes 7y ago
What all this amounts to is that there is no theoretical understanding of the the social interactions that constitute the economy, only fitted relationships to the actions of aggregating entities like companies.
- nabla9 7y agoThat would require relatively complete "Theory of human" and also understanding the variety of human behavior. Human are also chancing their behavior. Different generations respond differently to same signal. But all this does not mean that macroeconomics is useless or that it's not getting results. They are just relatively modest.