Celebrating humanity's flourishing through the spread of capitalism and the rule of law
11 Dec 2015 1 Comment
in econometerics, history of economic thought
I will let the data speak for itself on the latest from Noah Smith:
Economics is a theory-centric field. Until the last decade or so, theory dominated the literature and empirics took a back seat. In the world of engineering and practical application, that is a recipe for trouble. Theories that have not been rigorously tested against data may get papers published and may win Nobel prizes, but they will not necessarily work when you try to apply them.
Source: Daniel S. Hamermesh (2012)
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Utopia, you are standing in it! 
Jan 09, 2016 @ 16:30:02
Reblogged this on Utopia – you are standing in it! and commented:
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