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by socksset 1550 days ago
Phlogiston theory always comes to mind for me.

I think we will see these fields as attempts at science while completely lacking the instruments to properly study the field so all kinds of nonsense conclusions were drawn.

Economics though is so especially perverted because of monetary incentives for economists. A somewhat correct prediction is worth so much but terrible predictions don't really harm much at all. "It is economics!?! It is stochastic, the coin came up heads, not my fault. The theory is still correct".

Or maybe in 50 years we will just have an honest econ textbook that is just a 1 page pamphlet that says "When the stock market goes down, print money. Make up everything else as you go along to justify this".