Benjamin Cain
1 min readFeb 6, 2023

--

Yeah, I'm not replying to all this. Bullshit the results been replicated in economics, though. The economic experiments are bogus anyway since they're only simulated in computers. The real trials and errors aren't reproducible since they're historic, and no one can rewind that tape. Mind you, the patterns in history that recur typically have commonsense explanations, so you don't need a special science to explain them. What isn't tested so well is the economist's technical explanation of the mechanisms at work in those patterns.

So the replication crisis certainly applies to economics and to all the social sciences, regardless of whether it's been reported. The underlying reason for the crisis is the same: you can't control for all the social variables, so the initial conditions are never the same.

https://www.science.org/content/article/about-40-economics-experiments-fail-replication-survey

https://theconversation.com/the-replication-crisis-has-engulfed-economics-49202

https://www.bloomberg.com/opinion/articles/2018-09-17/economics-gets-it-wrong-because-research-is-hard-to-replicate#xj4y7vzkg

https://www.journals.uchicago.edu/doi/full/10.1093/reep/reaa011

https://www.nber.org/papers/w28432

--

--

Benjamin Cain
Benjamin Cain

Written by Benjamin Cain

Ph.D. in philosophy / Knowledge condemns. Art redeems. / https://benjamincain.substack.com / https://ko-fi.com/benjamincain / benjamincain8@gmailDOTcom

Responses (1)