Category Archives: Uncategorized

Big data in social sciences: a promise betrayed ?

In just 5 years, the mood at conferences on social science and big data has shifted, at least in France. Back in the early 2010s, these venues were buzzing with exchanges about the characteristics of the “revolution” (the 4Vs) with … Continue reading

Posted in Uncategorized | Tagged , , , , | 2 Comments

The ordinary business of macroeconometric modeling: working on the MIT-Fed-Penn model (1964-1974)

Against monetarism?  In the early days of 1964, George Leland Bach, former dean of the Carnegie Business School and consultant to the Federal Reserve, arranged a meeting between the Board of Governors and 7 economists, including Stanford’s Ed Shaw, Yale’s … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , | 1 Comment

How much do current debates owe to conflicting definitions of economics?

It is not clear to me how the literature on the current state of economics got out of control. The genre is as old as the discipline itself and has grown cyclically with crises. But the last one broke out … Continue reading

Posted in Uncategorized | Tagged , , , | 2 Comments

How not to screw up your economic expertise: lessons from the Kennedy tax cut grandmaster, Walter Heller

  What is the “crisis in economic expertise” about? Trump’s decision to demote whoever might be nominated chairman of the Council of Economic Advisers (CEA) from his cabinet has been interpreted as a final blow to a tough year – … Continue reading

Posted in Uncategorized | Tagged , , | 3 Comments

The problem with “economists-failed-to-predict-the-2008-crisis” macrodeath articles

This week has delivered one more interesting batch of economics soul-searching posts. On Monday,  the Bloomberg View editorial board has outlined its plans to make economics more of a science (by “tossing out” models that are “refuted by the observable world” … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , | 3 Comments

Les économistes face à la défiance de la société civile: faut-il déclarer la guerre des nombres?

Crise de confiance, crise de l’expertise, crise du nombre Les économistes sont au bord de la crise de nerf, prévient Anne-Laure Delatte, la directrice adjointe du CEPII. L’inquiétude était en effet palpable à l’American Economic Association, le rassemblement de plusieurs … Continue reading

Posted in Uncategorized | Tagged , , , , , , | Leave a comment

The making of economic facts : a reading list

That Donald Trump’s first presidential decisions included gagging the EPA,USDA and NASA, asking his advisors to provide “alternative facts” on inauguration attendance, and questioning the unemployment rate is raising serious concerns among economists. Mark Thoma and former BLS statistician Brent Moulton, among … Continue reading

Posted in Uncategorized | Tagged , , , , , , , | 4 Comments