4 ms·
I think a big part of the problem is people are recognizing that many modern economic theories and models are kind of trash and failing to make accurate predict
by AngryData 1y ago
I think a big part of the problem is people are recognizing that many modern economic theories and models are kind of trash and failing to make accurate predictions today. Challenging popular economic theory will often get someone labelled a crackpot, regardless of how good or bad their models and predictions are. And the field and players that are in play and have some power to influence or change policies are deeply embroiled with political dogma and will fight tooth and nail against anything that might make their previously established beliefs and education obsolete or god forbid show they were just straight up wrong from the start.