Swiss Economicblogs.org
In separate blog posts, Russ Roberts and John Cochrane have called for humility on the part of economists. Asking “What do economists know?,” Roberts and Cochrane point out—correctly—that economics is not as strong on quantification as some economists and many pseudo economists pretend, and as is often expected from economists. Economics is not the same as applied statistics although the latter can help clarify, at least to some extent, the empirical relevance of economic theories....
Read More »