All disciplines studying complex systems like societies down to something like the human body, simply do not have the luxury of absolute truths like in mathematics or even the ability to run experiments like in physics (often for ethical reasons, e.g., in medicine or economics).
But does that mean that it is not worth doing?
For these fundamental reasons economics is “hard”, but I argue that it is still worth doing because economic policies have a big impact on people’s lives, and partial understanding is better than nothing.
But does that mean that it is not worth doing?
For these fundamental reasons economics is “hard”, but I argue that it is still worth doing because economic policies have a big impact on people’s lives, and partial understanding is better than nothing.