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by soVeryTired 2675 days ago
> Economists like to study optimization problems whereby rigorous mathematical models conclude that to maximize one variable, other variables may be minimized.

Thereby proving precise facts about models that are imprecise at best, and downright misleading at worst.

1 comments

No, the false assumption this article makes is that the models are the problem. The problem is how policy makers are influenced and advised by any inaccurate model and inability to learn quickly from it.

My point was that you can't have it all. "Inclusive Economics" whatever that means is never going to be "good enough" so it's a very easy basis for an attack on "Economics".