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You can get some important and interesting insights from economic statistical data, but macroeconomics is a series of just-so stories, at best; it isn't even re
by randallsquared 17y ago
You can get some important and interesting insights from economic statistical data, but macroeconomics is a series of just-so stories, at best; it isn't even really the same thing as microeconomics. Microeconomics deals, in part at least, with things you can run experiments on, with actual controls. Macro, not so much; like politics, you can find a macro pundit to give pretty much any conclusion you'd like, even when they mostly agree on micro.
[Edit: apparently I'm just rephrasing the article summary. I guess I should have read it before ranting...]