Re: Your ideas on doing economic theory that can give real predictions


highflite1977@xxxxxxxxx wrote:
> How would you start on the research programme to make economic models
> that could accurately predict economic variables?

First you a programm that predicts physical variables,
such as weather, traffic patterns.


>
> 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.

For assets, you need a government that's not going to tax
you to death, before your buisnees gets started.
So you need your governments laws, concerning your assets.



> 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?

The UK economy has been controlled by
The Beatles for so long now, you' d have to ask them.

.

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