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    Economists would doom themselves to irrelevance if they s... — Carmelics
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    Home/Skepticism
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    Economists would doom themselves to irrelevance if they surrendered standards of predictive success

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    • 1.Policy decisions are made on the basis of standards of predictive success
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    • 2.If economists abandon predictive success as a standard, their outputs would no longer ground policy decisions
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    Related

    If economists abandon predictive success as a standard, their outputs would no l...Policy decisions are made on the basis of standards of predictive success

    Similar

    The standards of predictive success that raise doubts about economics ...77%If economists abandon predictive success as a standard, their outputs ...74%The only way to escape doubts raised by those standards is to surrende...72%Hitler believed that victory over Britain would be good.72%

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    SEP: economics
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    McCloskey’s studies of the rhetoric of economics have been valuable and influential (1985, esp. ch. 5–7, McCloskey and Ziliak 2003, Ziliak and McCloskey 2008), but a great deal of her work during the 1980s and 1990s consists of philosophical critiques of economic methodology rather than studies of the rhetoric of economics. Her philosophical critiques are problematic, because the position sketched in the previous paragraph is hard to defend and potentially self-defeating. It is hard to defend, b
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    1 (0 for, 1 against)
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