Lars P. Syll — Leontief’s uneasy feeling about the state of economics

Nice quote by Wassily Leontief

Short summary: GIGO, no matter the sophistication of the modeling and the math. If the data doesn't support the model, the model is not going to add anything more than empty formalization. AKA "blinding with bullshit."

Lars P. Syll’s Blog
Leontief’s uneasy feeling about the state of economicsLars P. Syll | Professor, Malmo University