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Hm. Cynical. Any recent experience make you more so?
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Heck, that's the only reason mainstream economics, which not only repeatedly fails at demonstrating statistical validity but even makes no attempt to do so, exists.
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A clarification and a question. Is this a comparison to Austrian economics? If so, where's the justification? Academic "main-stream" economists are generally very well versed in empirical statistics; in fact, there's a
post on the blogosphere about how anal they are about it. Have you read Caplan's, "
Why I Am Not An Austrian Economist"?
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I'm not trying to defend Austrian economics anymore. I actually see a lot of good reasons not to be an Austrian; I just don't see any reason why the alternatives are any better.