Home » JEL Codes » B » B4 » B41

Category Archives: B41

Prediction in Economics: a Case Study of Economists’ Views on the 2008 Financial Crisis

By Weiran Zeng

Prediction in economics is the focal point of debate for the future of economics, ever since economists were burdened with the failure to “predict” the 2008 Financial Crisis. This paper discusses positions held by philosophers and economic methodologists regarding what kinds of predictions there are and creates a taxonomy of prediction. Through evaluation of those positions, this paper presents different senses of prediction that can be expected of economics, and assess economists’ reflections according to those senses.

View Thesis

Advisor: Kevin Hoover | JEL Codes: B41, N1, G17

Questions?

Undergraduate Program Assistant
Jennifer Becker
dus_asst@econ.duke.edu

Director of the Honors Program
Michelle P. Connolly
michelle.connolly@duke.edu