Noah Smith’s critique of heterodox economics — nothing but nonsense on stilts

Created
Sat, 17/06/2023 - 01:48
Updated
Sat, 17/06/2023 - 01:48
One problem in applying skepticism and critical investigation equally is that heterodox and mainstream theories use extremely different methodologies. Generally speaking, mainstream macro uses math, while heterodox macro uses literary text with no math … Which means that if we judge each theory using its own methodology, mainstream macro will have to pass rigorous quantitative […]

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