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Which 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
by NateEag 6y ago
Which 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.