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7 sats \ 2 replies \ @Rothbardian_fanatic OP 13h \ parent \ on: A Critique of Black Box Economics econ
Models are not always the way to understand economics. It is sometimes better to use deductive logic on these problems.
Good point.
Can agree 100%.
Stick to logical deductive reasoning rather then placing reliance upon models where the underlying reasoning (if any) is not transparent.
Trouble is there will always be a market for convenient models (dogma) which presume to give convenient solutions and remove the need for constant thought, reflection and debate.
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Yes, the market for such models is either the state or very closely aligned to state banks, bourses and brokerages.
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