4 ms·
> The models are not made properly... Yes and: This OC refers to the empirical data. Friedman (et al) rejected empiricism. I was gobsmacked when I finally fig
by specialist 4y ago
> The models are not made properly...
Yes and: This OC refers to the empirical data.
Friedman (et al) rejected empiricism. I was gobsmacked when I finally figured out what that meant. Like, wtf are they even arguing about if they reject reality?! (Ya, I am a slow learner.)
So agree or not with Nitzan's thesis, at least critics can have constructive debates about it.
- tjader 4y agoI think it's better to think of it not as a complete rejection of reality, but recognizing the limitations of empirical methods. Mainstream economics today is arguably too focused on indicators, just collecting a bunch of data and finding correlations, then jumping to causation from that.