Heterodox
“The test of science is its ability to predict”— Richard Feynman Is economics "cargo cult science" (Richard Feynman)? Of course, as I point out in my forthcoming book Quantum Economics, economics should not be compared directly with weather forecasting. For one thing, the fact that economists’ predictions and models affect the economy (the financial crisis of 2008 for example was in part caused by faulty economic risk models) means that their responsibility is more like that of engineers or...
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