If there's a question that we have substantial disagreement in terms of whether or not its premise is valid and whether or not it meets the criteria of being answerable, but we cannot edit it without changing it dramatically, what should we do?
What is the evidence that econometrics has empirical value?
Economies are extremely complex systems with many variables, not to mention the fact that they emerge from the interactions of complex beings. I agree that economies have certain underlying principles, but I remain skeptical of the overall value of econometrics as a science.
A truly useful econometrics would be a valuable tool in predicting the future behavior of the economy, particularly in predicting shocks like the recent financial crisis and Great Recession. But it did not happen.
If econometrics can't predict the future, how do we know it even effectively describes the past? What is the evidence that it has empirical value?
to me should be best rewritten as a series of questions along the lines of:
What are some pieces of empirical evidence that support econometric's predictive value?
Relating to macroeconomics:
Given that economies are extremely complex systems with many variables, not to mention the fact that they emerge from the interactions of complex beings, what predictions can be made by econometric systems, and how can they be tested?
Are there any meta-studies that catalog historical predictions and accuracies under differente econometric analyses?
With each subsequent question on a different discipline or subfield.