“Learning a discipline like economics is similar to learning a new language or being initiated into a club. Economists’ way of thinking allows us to see the economy more sharply and clearly than we could in other ways. It can also cause us to miss relationships that are hard to quantify or hard to think of as purchases and sales; that is why economics is not the only social science“
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157 sats \ 1 reply \ @SimpleStacker 10 Mar
Nice piece! I should definitely give it a read.
eh... imo, that would just make you a bad economist. Part of being a good economist is knowing what your methodology does and doesn't say, and giving space for interpretation to the parts that it doesn't directly speak to.
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15 sats \ 0 replies \ @SimpleStacker 10 Mar
For the record, I also think this means that much of the world is run by bad economists, lol.
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0 sats \ 0 replies \ @SatsMate 23h
The thing with thinking like an economist in a formal sense, is that oftentimes it is keynesian nonsense they preach formally. Most economists are Keynesian unfortunately. There are a few good modern austrians.
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