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It's the economists paradox, any sufficiently good model will drive decisions and policy, changing the conditions away from the assumptions included in the mode
by doublespanner 4y ago
It's the economists paradox, any sufficiently good model will drive decisions and policy, changing the conditions away from the assumptions included in the model.
- college_physics 4y agoThis might apply to a dynamic model of the entire economy including agent preferences etc. But that is not what is required to educate and elevate the debate. Accounting what the economic system does at any given moment is not subject to assumptions.