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> So this is a valid contribution to economics in the form of an inadequate dynamic model. With that line of reasoning, don't you feel that anything is a "vali
by gyom 13y ago
> So this is a valid contribution to economics in the form of an inadequate dynamic model.
With that line of reasoning, don't you feel that anything is a "valid contribution to economics" ?
- reader5000 13y agoNo, for example if we were discussing a model of weather, that would not directly be a contribution to economics.
- WalterBright 13y agoWeather has a rather strong influence on economics, for example as a predictor of future crop prices. The better the weather model, the more accurately prices can be forecast. Hedge funds very definitely watch the weather projections.
- eru 13y agoYes, so that would be at best an _indirect_ contribution to economics.
- saraid216 13y agoIt's economics. Nothing in the field is adequate.