Noah Smith, Columnist

Here's What Economics Gets Right

Economics does a better job of predicting the future than some critics think.

December 31, 2014 at 2:00 PM UTC

Noah Smith is a former Bloomberg Opinion columnist. He was an assistant professor of finance at Stony Brook University, and he blogs at Noahpinion.

So high expectations, so few riders.
Photographer: Justin Sullivan/Getty Images

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Criticizing economics for not being scientific enough is a crime of which many of us -- I’ve done it -- are guilty. But there’s a right way to do it and a wrong way to do it. Alex Rosenberg and Tyler Curtain, writing in the New York Times, have done it the wrong way.

Here are Rosenberg and Curtain: