by Summary:
Systemically important quote. Economists have way more political clout than they deserve based on past performance. Of course, that could change, but only if the profession changes. This quotation targets the core of the problem, over-reliance on modeling without adequate explanation of the limitations involved. Failure to do so appears to be an indicator of pseudo-scientific arrogance manifesting as a peculiar form of academic hubris.Lars P. Syll’s BlogThe economist’s oathLars P. Syll | Professor, Malmo University
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Systemically important quote. Systemically important quote. Economists have way more political clout than they deserve based on past performance. Of course, that could change, but only if the profession changes. This quotation targets the core of the problem, over-reliance on modeling without adequate explanation of the limitations involved. Failure to do so appears to be an indicator of pseudo-scientific arrogance manifesting as a peculiar form of academic hubris.Lars P. Syll’s BlogThe economist’s oathLars P. Syll | Professor, Malmo University
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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Economists have way more political clout than they deserve based on past performance. Of course, that could change, but only if the profession changes. This quotation targets the core of the problem, over-reliance on modeling without adequate explanation of the limitations involved. Failure to do so appears to be an indicator of pseudo-scientific arrogance manifesting as a peculiar form of academic hubris.
Lars P. Syll’s Blog
The economist’s oath
Lars P. Syll | Professor, Malmo University