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The bit about Econometrics seems a bit out of place and wrongheaded. I know this is a popular criticism of Economics in general, but I've always thought it rath
by drabiega 12y ago
The bit about Econometrics seems a bit out of place and wrongheaded. I know this is a popular criticism of Economics in general, but I've always thought it rather non-nonsensical.
- SapphireSun 12y agoWhat's wrong with it? If you can't run a controlled trial, then it's hard to finger causality. You can consider parallel natural experiments as occur in different polities, but there are so often many confounding factors. You can grow more confident in a strategy as the stats pile up, but it's not nearly as cut and dried as a physics experiment.