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Modern economics has shifted from being a carrier of broad ideas to being primarily a means of data collection and hypothesis testing.
Drawn from what Tyler Cowen said
What Tyler Cowen actually said
- Tyler Cowen Economist at George Mason University
economics is no longer a carrier of ideas. It is primarily a means of data collection and very sophisticated hypothesis testing.
Where this was said
↗GOAT: Who is the Greatest Economist of all Time and Why Does it Matter?tylercowen.com
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