Re:Why Are Economists Giving Piketty the Cold Shoulder? (2017)
by atq2119 on Sunday March 31, 2019 @02:48PM
(#19537433)
You can take a look at track records of predictions and policy interventions to compare those fields. Vaccine did in fact significantly reduce or even eradicate some diseases. The track record of predictions out of economics is a lot spottier.
[ Parent
| on HN ]
Re:Why Are Economists Giving Piketty the Cold Shoulder? (2017)
by taffer on Sunday March 31, 2019 @03:27PM
(#19537748)
Can biologists or paleontologists forecast evolution? Can meteorologists forecast the weather in four months?
> Vaccine did in fact significantly reduce or even eradicate some diseases. The track record of predictions out of economics is a lot spottier.
The same applies to the track record of seismologists. Moreover, forecasting is a very, very small field of economics.