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To: Z268 who wrote (7073)10/12/1998 10:10:00 PM
From: Dayuhan  Respond to of 9980
 
If economics is science, isn't history the laboratory? If it isn't, what is? Can any "law" of economics be proven in any scientific sense?

I sometimes wonder why we hang on their every word...

Steve



To: Z268 who wrote (7073)10/13/1998 9:22:00 AM
From: Lee  Respond to of 9980
 
Stephen,

There is an old saying for economists...

"The hardest part about forecasting is getting the history right."

It still applies.

Lee