Tuesday, August 17, 2010

A Caveat about Economic Experts

Like a maid who doesn’t do windows, most economists are “scientists” who don’t do field research. The situation is rather different in other sciences. They do field research in the sciences of Zoology, Botany, Geology, Entomology, Oceanography, and Astronomy (in fact, try getting an advanced degree without some field research). They even do it in “Nursing Science”, and “Agricultural Science”, and “Public Health Science”. But don’t ask a computer jockey “Economic Scientist” to leave his office and learn empirically — “test” his understanding — from anything other than his Internet stream of “Official Government Data”.


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