This nails why I’m largely apathetic to economists. They’re atheoretical blackbox empiricists.
Me, I’d rather have a theory about what’s inside a blackbox with weak/no empirical support than a blackbox model that factors everything but explains nothing. medium.com/conversations-
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This is a strange critique set against the other major economics critique that we cling to our models.
I can only parse this if the economic approach of tending to theorize before doing empirics rather than seeking mediators is "atheoretical." Empirical econ is v theory-driven.
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