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> why aren't both macro- and micro-econ viewed as a largely academic idea Because it's easier to get funding when you claim to be a science. The fact that the
by ur-whale 7y ago
> why aren't both macro- and micro-econ viewed as a largely academic idea
Because it's easier to get funding when you claim to be a science.
The fact that the discipline has exactly zero predictive power is rarely brought up by practitioners (of course), nor particularly noticed from the people who consume the by-product of said discipline.
- baja_blast 7y agoEconomists are the Wizards/Shamans of today, both pretend to have special insight and knowledge of how future outcomes will unfold only difference is instead of cutting off the head of a chicken and seeing where it lands, they have "models".