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One aspect of reproducibility is the ability to make predictions. It means that theory (economic models) matches reality and it is here that economics has a lo
by rapjr9 4y ago
One aspect of reproducibility is the ability to make predictions. It means that theory (economic models) matches reality and it is here that economics has a long record of failures. "Economists have predicted nine of the last five recessions" is a very old joke that is still true.