An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Wednesday, September 2, 2015
Noah Smith — Economics Has a Math Problem
Developments in economics based on Big Data that are threatening traditional econometric modeling.
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.
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.
ReplyDeleteRyan there would be too many old economists who would be shown to be incompetent for this to happen any time soon...
ReplyDeleteThe left will not expose as incompetent any economists who are ideologically sympathetic... and they leave them in position...