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#28 – Anna Alexandrova on Measuring Well-Being and Alternatives to Technocracy
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Are You Investing in a Better Application of Models or a Less Model Building?
Luka: I think economics should be defined by a range of significant phenomena that we want to understand. But the second point is also true, that if youre goal for your science is a solid, empirically grounded causal explanations of significant phenomena, then the best thing to do is not a over invest in one mode of investigating those phenomena. So i am here speaking against er, this traditional vision that economics defined by certain methods,. Such that if you don't do a optimization, a modelling, for instance, you are not doing economics, your doing something else.
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