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I think you might find lots of economics results to be “trivial”, because the results do not contain the value of the work. Constructing a model, linking it to
by DiggyJohnson 5y ago
I think you might find lots of economics results to be “trivial”, because the results do not contain the value of the work. Constructing a model, linking it to reality, and finding that it fits our expectations (captured in the “trivial conclusion”) and is robust to secondary factors is what’s valuable.
Think about the study of inflation. I’m sure lots of work has been done to show how low interest rates have impacted inflation. I won’t be surprised when they show how these interest rates have led to increased inflation, but I’ll be interested in the mechanics and model leading to the unsurprising result.