As with political economist Jack Rasmus, Michael Roberts expects the field of economics to be scientific. This means theories have to be tested based on what has actually happened.
From that evaluation projections can be made about what will happen in the future. As a political economist Roberts made some predictions about how elections might turn out. How did he do? Did the world economies grow or shrink? Have debt burdens shrunk or deepened? What has become of world labor wages? Has inflation risen or dropped? Has global trade intensified or become more fragmented? Read more to learn the answers.
