2 ms·
I don't think the term "economists" refers to an easily generalizable group. In my experience there is more world-view variation among economists than one might
by rch 6y ago
I don't think the term "economists" refers to an easily generalizable group. In my experience there is more world-view variation among economists than one might expect looking at the differences between bayesians vs. frequentists, etc. Some economists don't embrace modeling as a means of arriving at policy recommendations at all, for instance. Others do of course, but influence doesn't seem as tied to quantitative assessments as other fields.
- dwheeler 6y agoIt's true that some use quantitative models, and some don't. But all experts use past experience as a guide. As the present becomes more different from the past, it becomes more uncertain that past experience is relevant.