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30 sats \ 2 replies \ @Rothbardian_fanatic OP 10 Jul \ parent \ on: Are Pro-Natalists the Real Malthusians? econ
Ahhhhhhh …. Yes! They are getting paid to research and publish those models by the state, mostly. You are saying that is the reason besides more rigorous thinking for the models? OK, that is reasonable. The accuracy of the models is the unreasonable part of the deal, though. They seem to breakdown at their limits all the time.
By the way, I'm not saying that modern economists are humble. Far from it, and often they're way too confident about their knowledge of the economy.
But I don't think the reason for their overconfidence is because they believe the models per se. I think it's just plain old human nature: "I'm the expert and you're not; This is what all the other experts believe; Holding this belief is what will keep me looking smart among my peers; etc"
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Yes, expertise in a given area trumps all, doesn’t it. Except when other experts say differently. But, these experts are backed by state approval, aren’t they?
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