The case for humility in economics.

Humility about our (lack of) understanding of this post-pandemic economy suggests that it's worth being a little less model-driven and a little more data-driven.

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You nailed it when it comes to the short supply of humility when it comes to Economists. But with humility doesn't just come "I am uncertain about the future", but a willingness to actually look at ideas that challenge the entire edifice of Economics. For example, I look forward to talking with your about the Information Matrix:

I was hoping to see the shirt on TV. #Disappointed

making predictions is hard, especially when you're talking about the future

@economeager Well said Justin.

humility is an awful strategy for getting invited back on air ;)

Learn MMT and heterodox economics. Less of the mumbo jumbo math , more of the tight accounting, monetary realism and understanding of how firms set prices. 😉

Rather like in old fashioned institutional stockbroking, perhaps economists should divide themselves into analysts and salesmen.

Can I be arrogantly confident of my humility? (I may have more reason to be humble than most)

🙏🔥All scientists should embrace humility and uncertainty.