Your ideas on doing economic theory that can give real predictions

How would you start on the research programme to make economic models
that could accurately predict economic variables?

I'll start off the discussion by saying you need a model of asset
markets and how they affect the economy. What philosophy of knowledge
would you use, what methodology.

The economy is basically about making valuable what is not valuable in
itself. This value adding process creates growth and employment.
Different industries genreate different amounts of value added.

Can we answer general policy questions with a model/models?

What is the outlook for the UK economy?

.

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