2 ms·
> Economic theories can't be falsified because you can't run controlled experiments on economies, rewind history, or isolate variables. https://en.wikipedia.or
by astrange 1y ago
> Economic theories can't be falsified because you can't run controlled experiments on economies, rewind history, or isolate variables.
https://en.wikipedia.org/wiki/Econometrics https://en.wikipedia.org/wiki/Econometrics
https://en.wikipedia.org/wiki/Credibility_revolution https://en.wikipedia.org/wiki/Credibility_revolution
Economists are practically the only social scientists capable of doing this (even if it involves a lot of rainfall IVs). Everyone else p-hacks and calls it a day.