Tuesday, January 1, 2013

Economics isn’t an exact science!

One of the most important things to bear in mind today is that economics isn’t an exact science. It may not even be much of a science at all, in the sense that in science, controlled experiments can be conducted, past results can be replicated with confidence, and  cause- and- effect relationships can be depended on to hold.
“Will It Work?” March 5, 2009
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