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Comment by ryandamm

If you can truly come up with an objective measure of wealth, I believe there might be a (quasi) Nobel Prize in economics for you.

The reason economics is hard, in part, is that there isn't some core firmament you can rest on; there is no fundamental, provable truth. And yet, with fancy statistics and clever experimental design, you can still make intelligent statements and understand the world better.

To me, economics is the field with the purest expression of "all models are wrong, some are useful." Which is actually sort of cool, if you let it be.

parent ryandamm 1 year ago

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