An aside from Cosmic Variance’s Sean Carroll:
(In the wake of Milton Friedmann’s death, folks have been re-arguing his contention that successful predictions from an economic model are more important than correct assumptions underlying it. I would hope that both are important.)
Any comment on that, folks?
SHORT TERM: “Successful predictions” is the important stuff.
LONG TERM: “Correct assumptions” is the important stuff.
Am I right or wrong? (Will someone bring in the chicken-and-egg argument?)
