Daniel Little — Economic observations

Oskar Morgenstern was one of the founders of mathematical game theory, as co-author with John von Neumann in 1944 of Theory of Games and Economic Behavior. He was also the author in 1950 (revised in 1963) of a book that should be of substantial interest to philosophers of the social sciences. The book was called On Accuracy of Economic Observations, and it called into question the unreasonable level of confidence that economists had in economic statistics in the post-war period.

Understanding Society
Economic observations
Daniel Little | Chancellor, University of Michigan at Dearborn

This is a huge issue that has struck me on several occasions. It certainly affected (infected) Reinhart & Rogoff, which became the basis of austerity as neoliberal policy in the US, UK, and EZ.