I don't think I write anywhere, as you say, that "a model should be so simplistic that it no longer does justice to what's being explained."

I was quoting the sixth paragraph under the heading "Is Economic Modeling Scientific?" (I try really hard not to put my words on someone else's paper.)

I think you ask too much of economics. Lots of meteorologists got Ian's path wrong. Were they doing pseudoscience?

Do you deny that there is any relationship among supply, demand, and price? If there is any such relationship, can it not be studied scientifically? Paul Volcker predicted that if he raised interest rates dramatically, the economy would slow and inflation would abate. Was he wrong? Was he not an economist? Was he not practicing economics? Was his decision based on "pseudoscience"?

Bad economics, like bad science, cheerleads for bad results. But wouldn't you have to show that there is no good economics if you want to dismiss the entire enterprise?