Economics focus: In defence of the dismal science | The Economist

Economics focus: In defence of the dismal science | The Economist: "Over the years exceptions and “anomalies” have been discovered (even tiny departures are interesting if you are managing enough money) but for the purposes of macroeconomic analysis and forecasting these departures are too small to matter. The main lesson we should take away from the EMH for policymaking purposes is the futility