4 ms·
There are a lot of interesting parts of economics and a lot of important measurements but indeed the story telling surrounding it is too loose. I think the rela
by fnord123 6y ago
There are a lot of interesting parts of economics and a lot of important measurements but indeed the story telling surrounding it is too loose. I think the relationship between astrology and astronomy is appropriate: Tycho Brahe and Johannes Kepler were astrologers and their wonderful measurements of heavenly bodies were attempts to make better astrological predictions. Through their work and the work of others was astronomy born. We are still waiting for Economics' version of astronomy. Maybe this is econometrics?