originally posted by VLM: There are things that econometrics does very well. Many things, in fact.
Of course. And there are many things it doesn't do very well. Just like everything else.
I would never say economic historians are better than econometricians and neither would I say the reverse.
I always get frustrated with these academic hierarchies. All of these approaches and methods add to our understanding of the world. Even the humanities! :)
But then now that I think about it, you have been known to seek hierarchical truth in wine, haven't you.