Tyler Cowen comments on a paper, and Barkley Rosser, who is not an author of the paper but is interested in the issues, responds in the comments. (Ignore the trolls in the comments.) I agree with Barkley Rosser. Social phenomena are difficult to measure and subjectivity greatly complicates this. However, it doesn't invalidate all models any more than similar issues invalidate modeling in economics. Where problems arise lies not so much in modeling and modeling decisions as in...
Read More »Philip Pilkington — Utilitarian Economics and the Corruption of Conservatism
Weekend reading on economic and political economy. Phil always has interesting things to say as a philosophical economist or economic philosopher.American AffairsUtilitarian Economics and the Corruption of ConservatismPhilip Pilkington
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