On 25 Apr 2001, Steve Mynott wrote:
> Econometrics has completely failed as a predictive science and the
> Austrian School has a trenchant critique of the whole idea of economic
> "measurement".
It's not even had a shot at solving the problems. The tools and the
datasets are only just now coming into existance, let alone availability.
Make that statement a hundred years from now (don't worry, odds are you'll
be around).
> Economics is a political science and not a statistical one and the
> whole macro/micro division artificial (essentially macro can be
> identified directly with discredited Keynesianism)
Economics is fundamentaly statistical.
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