What does “understanding the economy” even mean without a model (either written down explicitly, or living implicitly in one’s mind)?
Jostein Hauge
Jostein Hauge11.8. klo 19.12
Today's economists can build models, but don't understand the economy. They treat complex socioeconomic challenges as mere mathematical puzzles. In my newsletter, I've written about the recent wave of criticism against mainstream economics (link in replies).
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