Comment by 331c8c71

Comment by 331c8c71 6 hours ago

2 replies

Modelling isn't the higher intellectual pursuit it's made out to be. Imo designing theoretical models post-hoc to "support" a desired conclusion is not unheard of in econ/finance.

I-M-S 11 minutes ago

Precisely. To quote the famous economic dictum: it works in practice, but does it work in theory?

astrange an hour ago

The 2019 economics prize went to empirical research.

The non-mainstrean economists (aka heterodox, aka cranks) are usually more obviously pursuing an agenda, but they definitely usually don't have better empirical evidence.