Wednesday, September 2, 2015

Noah Smith — Economics Has a Math Problem


Developments in economics based on Big Data that are threatening traditional econometric modeling.

Bloomberg View
Economics Has a Math Problem
Noah Smith

2 comments:

Ryan Harris said...

Will create a big rift in econ. There will be those who are concerned with what IS. And the old guard that is concerned with ideology but are impervious to reality.

Matt Franko said...

Ryan there would be too many old economists who would be shown to be incompetent for this to happen any time soon...

The left will not expose as incompetent any economists who are ideologically sympathetic... and they leave them in position...