Vichy comments on The Second Best - Less Wrong

13 Post author: Wei_Dai 26 July 2009 10:58PM

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Comment author: Vichy 08 August 2009 07:24:29AM 1 point [-]

I reject the coherence of neoclassical modeling. I am a definite Misesian in this vein. Predictability and meaningless non-economic situations have nothing to do with the real economy, and have no impact on helping us to understand the real economy (except as counter-factuals, to isolate certain elements, but then they are counter-factuals and ONLY counter-factuals).