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Friday, August 2, 2013

Marshall Auerback — Statistical Modeling, Causal Inference, and Social Science

A more or less "free market" system does not (and, perhaps, cannot) continuously generate true full employment. And no civilized nation should allow a large portion of its population to go without adequate food, clothing and shelter. One of the best features of the Job Guarantee program is that it creates a stock of “shovel ready labor” rather than a buffered stock of unemployed, where social capital depletes rapidly and several long-term social pathologies can develop.
INET — The Institute Blog

Statistical Modeling, Causal Inference, and Social Science
Marshall Auerback

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