Economics journal studies cannot be replicated

From Slashdot:

Federal Reserve economists Andrew Chang and Phillip Li looked at 67 papers in 13 reputable academic journals. Their findings were shocking. Without the help of the authors, only a third of the results could be independently replicated.

It’s about as bad as sociology And cancer studies, too, apparently.

  • Waffle

    Hey, it’s publish or perish. Who cares if anyone can replicate the results? (sarc. off)

    • Exile1981

      It’s a lot easier if you just write the ending first and then work back from there.

  • dance…dancetotheradio

    I remember the term voodoo economics from the eighties.
    It was redundant then.
    Kinda like RCMP Police.

    • bargogx1

      Exactly. I’ve always thought that economics was basically just voodoo science.