Against monetarism? In the early days of 1964, George Leland Bach, former dean of the Carnegie Business School and consultant … More
Tag: Econometrics
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 … More
Collapsing Europe, rising dictators, and the rhetoric of inevitability: last time, it prompted a probabilistic revolution in economics
May 2016: France is torn apart by floods, strikes, oil and power shortages, labour reform protests degenerating into violent clashes … More
Theory vs data, computerization, old wine and new bottles: Morgenstern and Econometric Society fellows, 1953
The proposal In January 1953, Oskar Morgentern wrote Alfred Cowles to suggest a change in the Constitution of the Econometric Society … More