Monthly Archives: April 2018

How ‘tractability’ has shaped economic knowledge: a few conjectures

Yesterday, I blogged about a question I have mulled over for years: what is the aggregate consequence of the thousands of hundreds of “I model the government’s objective function with well-behaved X social welfare-function because canonical paper Y does it” … Continue reading

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What is the cost of ‘tractable’ economic models?

Edit: here’s a follow-up post in which I clarify my definition of ‘tractability’ and my priors on this topic Economists study cycles, but they also create some. Every other month, a British heterodox economist explains why economics is broken, and other … Continue reading

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