Re:NCTA Agrees Title II Virtuous Cycle Is Working
by dragonwriter on Tuesday June 13, 2017 @12:17AM
(#14542832)
None of that is relevant to the ability of “traditional economics” to decide between being a descriptive and a normative field, as all are examples of hypothesized predictive models, not normative ones. They may seem naive from the perspective of a field focussed on behavior at a more micro level (even microeconomics aims at predicting higher-level aggregate behavior than psychology), and, heck, they may even be hopelessly naive, but that's not even German e to the question.
(And whether or not an economist was there to put an imprimatur on it, all of those descriptions are mischaracterizations, but again that's neither here nor there.)
(And whether or not an economist was there to put an imprimatur on it, all of those descriptions are mischaracterizations, but again that's neither here nor there.)