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What's the significance of his "ideas" with respect to economics if they don't lead to actual predictions? Why did he decide to make these predictions if his i
by Maxatar 4mo ago
What's the significance of his "ideas" with respect to economics if they don't lead to actual predictions?
Why did he decide to make these predictions if his ideas supposedly have no bearing on how predictions are created?
Does economics no longer even have the pretense of being a science, which by its very nature exists to make testable predictions?
- lll-o-lll 4mo agoIf we are going to start discounting economists based on failure to correctly predict things like - interest rates - then you’re going to be chopping the entire mainstream field. If any economist was ever beholden to making accurate predictions, the field would currently be vacant.
- MSFT_Edging 4mo agoEconomics isn't a science. It's a vibe check. That's why unprofitable companies make up a majority of the stock market.