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In a very fundamental level I think that is exactly what the idea of science is: to predict future. That is the whole point. We want useful models that given an
by unterdenlinden 6y ago
In a very fundamental level I think that is exactly what the idea of science is: to predict future. That is the whole point. We want useful models that given an input (observation of current state) produce output that says how/what things are going to be/happen.
- sebastialonso 6y agoAny scientific theory has two well defined goals: to tie multiple part of the known together, and also tie those parts to some part of the unknown. Prediction is an important point, but it's just as important as meaningfully stitching together what's already known to produce new knowledge. I'm academically ignorant about economics, I'm honestly asking is there really a body of knowledge about economics, like different theories conversing between each other? Are theories built on top of each other?