[jyl]

Economics is, IMO, arguably the most challenging and difficult of all the sciences, because the systems are incredibly complex, human psychology is involved, and there is almost no way to do controlled experiments.

The analogy to meteorology is too forgiving. It is as if each molecule in the atmosphere had emotions and motivations.

The market is an interesting part of the economy in which the players are both participants and at the same time observers making bets on the actions of the participants.