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> However, they tend to close their minds to cool ideas from other schools of thought. That they definitely do. They reject positivism as an approach to econo
by dfranke 18y ago
> However, they tend to close their minds to cool ideas from other schools of thought.
That they definitely do. They reject positivism as an approach to economics on the basis that you can't do repeatable experiments with entire societies, preferring a deductive approach that yields statements that are correct but weak. But as a result, they miss out on theories that aren't quite rigorous but nonetheless have good (but imperfect) predictive value.