2min chapter

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Understanding the Flows of History | Garett Jones & Richard Hanania

CSPI Podcast

CHAPTER

Is There a Lucas Critique?

Neoclassical economics has some real insights into the nature of our mostly opaque world. Lucas, Sergeant Prescott have good ideas about how you learn about the universe when the data just do not want to cooperate with you. So there's like a philosophy of science thing. It's it's close through a philosophy ofscience, but with, you know, news you can use.

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