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Much of macro economics is unlike physics not only in uncertainty, but more critically in lack of experimentation or falsifiability. https://www.thecrimson.com
by chillacy 6y ago
Much of macro economics is unlike physics not only in uncertainty, but more critically in lack of experimentation or falsifiability.
https://www.thecrimson.com/article/2013/12/13/economics-science-wang/ https://www.thecrimson.com/article/2013/12/13/economics-scie...
http://skepticalphilosopher.blogspot.com/2009/02/falsifiability-and-macroeconomics.html http://skepticalphilosopher.blogspot.com/2009/02/falsifiabil...
(I'm aware there are branches of economics which are based on experimentation but they seem to not be the norm)