... If economics seeks to defend its scientific status following this fundamental discovery, it undergoes radical corruption, to become a political-administrative organ rooted in error. ...
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... Strictly, EMH is a critique of economic metaphysics, i.e. of the belief in economic knowledge transcending the economy itself, and the point of any critique is to eliminate futile undertakings. ...
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... The one definite prediction made by EMH is that the discipline of economics, when conceived as a generator of definite predictions, will fail.
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I suspect you’re thinking of ‘rational expectations’. EMH is a conjecture about the movement of securities prices.
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