"Economics is sometimes referred to as the dismal science, although the reason is apocryphal and vague rather than (as you might imagine it would be) that its workings are dismally unscientific.
You will find on the one hand that the subject is dominated by statisticians, who are either measuring something that’s not very interesting or meaningful, or prognosticating about what will happen to key indicators or business activity or the markets, on the basis of a spreadsheet model.
You will equally, on the other hand, find that in the real world, humanity adjusts its behaviour, according to the evolution of events and rapid spread and digestion of information, so defying reliable predictability and inviting unintended consequences from policy actions based on interpretations of the past."
'via Blog this'
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