Sunday, February 15, 2009

What Economists can Predict

A week ago I commented that economists are lousy at prediction, and linked to an article that said so less than politely.

To be fair, here is a link to an excellent blog post by Greg Mankiw about fourteen items on which most economists agree. On these points economists can predict with reasonable certainty.

It would be nice if all high school students learned this "short list" of well-tested economic principals.

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