In my opinion, the way forward, certainly for people like me — or, dear reader, like you — who have zero influence on the direction of the economics profession, is to forget about finding the right model for “the economy” in the abstract, and focus more on quantitative description of concrete historical developments.
Maynard Keynes, via Lars P. Syll:
The master-economist must ... study the present in the light of the past for the purposes of the future.
No comments:
Post a Comment