Post-real economics — a severe case of mathiness

Created
Fri, 24/05/2024 - 00:30
Updated
Fri, 24/05/2024 - 00:30
In practice, what math does is let macro-economists locate the FWUTVs [facts with unknown truth values] farther away from the discussion of identification … Relying on a micro-foundation lets an author say, “Assume A, assume B, … blah blah blah … And so we have proven that P is true. Then the model is identified.” […]

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