I once thought that large-scale macro-economics was derived from empirical behavioral economics and microeconomics, similar to the way thermodynamics is derived from basic laws of physics (via the methods of statistical mechanics). That's not what was done, but maybe someday...
Also, imagine a world where macroeconomic models get thrown out, or at least modified, when their predictions fail. Wouldn't that be neat?
Also, imagine a world where macroeconomic models get thrown out, or at least modified, when their predictions fail. Wouldn't that be neat?