3 ms·
My impression of Hayek is that he was trying to shut down his opponents by saying "it's not possible to build models which are predictive". Since the models he
by hiddencost 12y ago
My impression of Hayek is that he was trying to shut down his opponents by saying "it's not possible to build models which are predictive". Since the models he was criticizing have been vety successful, I think we should take this stance with a grain of salt.