We hear a lot about the failures of economics to perfectly predict the future. I’ll admit to being puzzled about that argument. What is the measuring stick here? Is Economics worse at predicting the future than English Literature or Philosophy? Obviously not. But equally obviously, the comparison in the criticism of Economics is to Chemistry, Physics or Biology, which do very well at predicting the future in laboratory experiments. Economists do like to compare themselves to the natural … [Read more...] about What is a Social Science?
Measuring out my life with coffee spoons ...and books
