factual
Economics Is Non-Stationary Because People React
Unlike chemistry or physics, economics is highly non-stationary: laws change because people think and react to what economists say, so a predicted behavior can be undone once people read the prediction and act differently, making the science fundamentally harder.
factualpending
Speaker
Paul PfleidererEvidence Quote
“So if economists say people are probably doing this, it's going to lead to this, maybe some people read that and then they don't act that way. They act a different way.”
Created: 6/13/2026, 12:27:00 AM
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