An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Tuesday, July 28, 2020
Lars P. Syll — Why economics is an impossible science
Too many exogenous factors that are relevant and resist being captured adequately in formal models that are tractable.
Too many exogenous chefs in the kitchen.
ReplyDeleteWith their fingers in the cookie dough.
Yet somehow, the sausage gets made.
ReplyDeleteEconomics is NOT an impossible science, economists are impossible scientists. Time to learn economics, folks.
ReplyDeleteYour economics is refuted on all counts: here is the real thing
https://axecorg.blogspot.com/2020/06/your-economics-is-refuted-on-all-counts.html