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RE: Economists in study believe young men are lazy because they play video games

in #life8 years ago

Economists are loud and have ties to the government but you make a good point. Economics isn't really a science in my opinion and hasn't told me anything useful other than to reinterpret activities into a language economists understand for political purposes.

Mechanism design is very different from economics even though an economist probably knows about this.

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I'm underwhelmed by what I've observed of the accuracy of economists.
The robustness of a discipline is directly proportional to it's ability to predict .
How's that working out for economics?

Track record is way better than 50%, if the rule you use is - do the opposite of what the Fed Chair suggests