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Tag Archives: computer
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
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 applied, computer, Econometrics, empirical, Fed, forecast, macroeconomics, MIT, policy, prediction, simulation
1 Comment
Is there really an empirical turn in economics?
Full paper here. Reposted from the INET blog. French translation here. The idea that economics has recently gone through an empirical turn –that it went from theory to data– is all over the place. Economists have been trumpeting this transformation … Continue reading
Posted in Uncategorized
Tagged applied, computer, data, empirical, facts, John Bates Clark Medal, patrons, policy, quasi-experiments
5 Comments
Assiste-t-on vraiment un “tournant empirique” en économie?
L’idée que la science économique est en train de connaitre un “tournant empirique” est partout. Elle est depuis quelques années omniprésente sur les blogs de certains économistes américains (mais c’est rarement pour la mettre en cause). Ces derniers mois, elle … Continue reading
How the computer transformed economics. And didn’t
Initially published on the INET blog Below is a picture of what the desktop of MIT macroeconomist Franco Modigliani may have looked like in 1970, when he was working on the large macroeconometric model he was building for the Fed … Continue reading
Further thoughts on historicizing the computerization of economics
Why the computerization of economics needs to be historicized I’m co-organizing a conference investigating whether the transformation of economics from the 1970s is better characterized as an “applied turn” (applied meaning empirical and/or concerned with real-world and/or policy-related). Economists’ reaction … Continue reading
9 ways computers have affected the development of economics
“The rise of applied economics from the 1970s onward is a consequence of computerization and better data.” This increasingly canonical narrative has the allure of truthiness, and it is therefore surprising that the computerization of economics has never been historicized. … Continue reading
