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    phiofx (phiofx@hachyderm.io)'s status on Saturday, 10-Feb-2024 02:27:32 JSTphiofxphiofx
    in reply to
    • Jack of all trades
    • Kyle Montanio

    @FantasticalEconomics @jackofalltrades Roger Pensore has in some of his books (I forget which one, maybe the road to reality) a classification of theories: superb, useful, tentative. Superb are those that are phenomenally and profoundly accurate (very few) etc.

    The related joke is that some theories "are not even wrong". Much of economics falls in that category. NB: not dissing economists for failing (its an incredibly complex field) but for not humbly disclosing when that is the case.

    In conversationabout a year ago from hachyderm.iopermalink
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