2 ms·
> implemented because of economic theory building without much empirical justification Not even that sometimes. Like the US attempting to re-ordering the world
by Eddy_Viscosity2 2y ago
> implemented because of economic theory building without much empirical justification
Not even that sometimes. Like the US attempting to re-ordering the world trade system by imposing massive tariffs. They did this even though both economic theory and empirical evidence (previous historical attempts at doing this), showed it would be disastrous.