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Economics is not something that can be tested easily on a large scale, so most of it becomes about trying to explain why things happened in retrospect.
by CyberDildonics 6y ago
Economics is not something that can be tested easily on a large scale, so most of it becomes about trying to explain why things happened in retrospect.
- NateEag 6y agoWhich can be restated as "Economic theories, on average, have little predictive power." I'm glad I took econ classes, but it is not a very practical discipline. And, yes, I think it's a stretch to call it a science when you can't do meaningful experiments. I object to calling geology a science for the same reason.
- CyberDildonics 6y agoI would probably agree, but saying something is difficult to test is not the same as saying that many theories don't seem to be true in practice.
- NateEag 6y agoValid point.
- msla 6y agoYou can say exactly the same thing about archaeology or geology or cosmology...