The Problem with “Predictive” Theories of Economics

[John Kay and Mervyn King
Radical Uncertainty: Decision-Making beyond the Numbers
Norton, 2020. xvi + 528 pages]

“There is almost never clear evidence that a theory’s predictions are false. You can always adjust something in the theory to make it come out true, and that is what all too many economists do.”

https://mises.org/wire/problem-predictive-theories-economics