Wednesday, February 12, 2014

Philip Pilkington — Proud to Be a Nihilist: Bill Mitchell on Econometrics and Numerical Prediction


How to use mathematics fruitfully in economics without turning it into a magic wand and becoming involved in magical thinking that only produces the illusion of knowledge instead of the sought-after knowledge.

Fixing the Economists
Proud to Be a Nihilist: Bill Mitchell on Econometrics and Numerical Prediction
Philip Pilkington

1 comment:

Matt Franko said...

Quote from Dave Talbott: "Forget the math until you have got a basis in observation and experiment to direct the mathematician...."

What I see in the academe of economics is that there is NEVER "a BASIS in observation and experiment" but they bring the mathematicians in anyway.