I'm not sure how one would do a study to test a statement so sweeping. But I was probably too glib in any case.
It would be more accurate to say that the framework within which microeconomic phenomena is pretty well understood. While there's still plenty of room for research to fill out all the details, there's very broad consensus about how the answers tend to look. Concepts like price elasticity are well understood and non-controversial.
That stands in sharp contrast to macroeconomics, where even when talking about the same stuff, say, ZIRP, there's fundamental disagreement about what factors we should be researching. (and when I say "we", I mean people that aren't me, 'cause I'm not an economist)
It would be more accurate to say that the framework within which microeconomic phenomena is pretty well understood. While there's still plenty of room for research to fill out all the details, there's very broad consensus about how the answers tend to look. Concepts like price elasticity are well understood and non-controversial.
That stands in sharp contrast to macroeconomics, where even when talking about the same stuff, say, ZIRP, there's fundamental disagreement about what factors we should be researching. (and when I say "we", I mean people that aren't me, 'cause I'm not an economist)