A couple of months ago, Olivier Blanchard assessed the current state of macroeconomics at the 40th annual NBER macro conference.
Can we can delete the word "mature" from the question and just say it isn't a science.
Yeah, they call it the dismal science.
Yeah, economists love to make it look like physics with functions, graphs, charts and equations but deep down it's telling stories.
Olly is marking his own homework.
Source: I hold an economics degree (so I'm good at making up bedtime stories for kids)
Taleb would like to have a word about methodology (and epistemology, and well, you know, the whole shebang...)
Can we can delete the word "mature" from the question and just say it isn't a science.
Yeah, they call it the dismal science.
Yeah, economists love to make it look like physics with functions, graphs, charts and equations but deep down it's telling stories.
Olly is marking his own homework.
Source: I hold an economics degree (so I'm good at making up bedtime stories for kids)
Taleb would like to have a word about methodology (and epistemology, and well, you know, the whole shebang...)