Saturday, February 18, 2023

Contradictions within economic theory. All well known but still important and, I think, not taken as seriously as they should be. — Andrew Gelman

 Funny … and sad.

Sometimes it’s hard to talk about economists about this sort of thing because they get all defensive about it.
Statistical Modeling, Causal Inference, and Social Science
Contradictions within economic theory. All well known but still important and, I think, not taken as seriously as they should be.
Andrew Gelman | Professor of Statistics and Political Science and Director of the Applied Statistics Center, Columbia University

1 comment:

Matt Franko said...

“ but what drove me crazy even more was that no one was bothered by this obvious paradox.”

Paradox is taught under the Art degree methodology… why would anybody there be bothered by it?

No one here seems to be bothered by the “stability creates instability!” thesis..