Reply to post: Re: Bah Humbug

R&D money for science – from your taxes?

Tom 13

Re: Bah Humbug

You do need to differentiate between micro and macro economics. The micro stuff is reasonably scientific. While explicitly controlled experiments don't precisely exist, there are sufficiently numerous cases where we know the variables so that the data sets are sufficiently large to be science. The macro stuff not so much.

In fact I'd say the differences between micro and macro economics pretty much mirror the differences between weather and climate studies.

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