mike805,

@GhostOnTheHalfShell @economics@a.gup.pe The "old guard" problem exists in all disciplines, sure. Right answers eventually win.

Economics is uniquely positioned in that someone with a better theory (in terms of predictive power) could get filthy stinking rich, without fighting the patent office or large corporations first.

Michael Milken and the founders of Long Term Capital Management show the hazards of doing that. Both had valid insights, both met with disaster in the real world.

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