Re:Why Are Economists Giving Piketty the Cold Shoulder? (2017)
by Gibbon1 on Sunday March 31, 2019 @02:38PM
(#19537357)
Oh I think progress has been made, retrograde progress. Economists as less competent now than they were back then.
Re:Why Are Economists Giving Piketty the Cold Shoulder? (2017)
by blunte on Sunday March 31, 2019 @02:51PM
(#19537457)
It is exceptionally difficult to prove economic theories because experiments cannot be repeated. The variables are always changing, and there is far from complete control over them.
Re:Why Are Economists Giving Piketty the Cold Shoulder? (2017)
by taffer on Sunday March 31, 2019 @03:20PM
(#19537685)
Microeconomists and behavioural economists do indeed conduct repeatable experiments. This is more difficult for macroeconomists, of course, but the same is true for many sciences, such as theoretical physics, climate science or much of biology.
Who is them? Do you think economics hasn't made any progress sice the 1970s and everyone is a paleomonetarist?