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Economists in the public sphere are a fraction of practising economists and are often bought and paid for to push narratives. Or, as you said, hammer their mod
by Mikeb85 5y ago
Economists in the public sphere are a fraction of practising economists and are often bought and paid for to push narratives. Or, as you said, hammer their models to fit their theories.
Economics as a field though does create good models and predictions, but most of those are in the private sector, where money matters and weeds out faulty models.