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 Originally Posted by wufwugy
Markets are like evolution.
No.
There is a distinct difference between systems with rules that change over time.
Rules-bound behavioral systems that change over time, like the meta game of poker for instance.
And actual natural evolution.
Originally Posted by wufwugy
Science is the same way. We don't judge a field based on some experiments that didn't go our way.
Because they're a science, practicing the scientific method. Every experiment moves a scientific field forward. Economics is not a science, though.
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