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On the other hand, macro-economists' predictions seem to be pretty worthless.

I think economics is still in a transitional stage. It has the potential to become a real science, but it is not quite there yet (like astrology or alchemy which gradually transformed into astronomy and chemistry).

Theology does badly e.g. it predicts that sincere repentance would be followed by better behavior, which doesn't seem to work very well eg with pedophile priests.

Is this expected in all religions? My impression was that non-christian religions put a lot less emphasis on repentance.






> Is this expected in all religions? My impression was that non-christian religions put a lot less emphasis on repentance.

I should have said Christian theology.

> I think economics is still in a transitional stage.

Yes - especially in finance there is a lot of good material now, partly courtesy of people coming onto finance with a physics background.

Lest anyone think I am being unfair, a standard textbook on Economics (Introduction to Economics by Mankiw) admits that the state of macroeconomics is primitive.
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petergast
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