This week has delivered one more interesting batch of economics soul-searching posts. On Monday, the Bloomberg View editorial board has outlined its plans to make economics more of a science (by “tossing out” models that are “refuted by the observable world” and relying “on experiments, data and replication to test theories and understand how people and companies really behave.” You know, things economists have probably never tried…). John Lanchester then reflected on recent macro smackdown by Bank of England’s Andy Haldane and World Bank’s Paul Romer. And INET has launched a timely “Experts on Trial” series. In the first of these essays, Sheila Dows outlined how economists could forecast better (by emulating physics less and relying on a greater variety of approaches) and why economists should make peace with the inescapable moral dimension of their discipline. In the second piece, Alessandro Roncaglia argued that considering economists as princes or…
View original post 1,774 more words
Utopia, you are standing in it! 
Recent Comments