Carbon Pricing

Posted: July 1, 2011 | Author: | Filed under: Mathematical Economics, Methodology | Leave a comment »

http://mises.org/daily/5413/How-Mathematics-Can-Make-Smart-People-Dumb

The misguided critique of free market environmentalism

Posted: March 26, 2011 | Author: | Filed under: Coase, Environment, Institutions, Mathematical Economics, Methodology | Leave a comment »

http://percolatorblog.org/2011/03/25/the-misguided-critique-of-free-market-environmentalism/

Economists as Worldly Philosophers

Posted: March 21, 2011 | Author: | Filed under: Financial Crisis, Mathematical Economics, Methodology, Uncategorized | Leave a comment »

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Economists as Worldly Philosophers

David Friedman on the role of mathematics in economic reasoning

Posted: December 15, 2010 | Author: | Filed under: Mathematical Economics, Methodology, Uncategorized | Leave a comment »

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David Friedman on the role of mathematics in economic reasoning

 

Hating on Econ, Bryan Caplan | EconLog | Library of Economics and Liberty

Posted: December 15, 2010 | Author: | Filed under: Mathematical Economics, Methodology, Uncategorized | Leave a comment »

http://econlog.econlib.org/archives/2010/12/hating_on_econ.html

Mankiw on the CEA Stimulus Study

Posted: July 15, 2010 | Author: | Filed under: Mathematical Economics, Stimulus, Uncategorized | Leave a comment »

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Mankiw on the CEA Stimulus Study

(July 15, 2010 12:51 AM, by David Henderson) Arnold laid out one of the two ways the CEA estimated the effects of Obama’s “stimulus” package. Greg Mankiw has a particularly nice statement about the other way. Mankiw writes: That is, the CEA took a conventional Keynesian-style macroeconomic model…

Daniel J. SmithSent Via Mobile Phone
http://www.danieljosephsmith.com

Model Building versus Theorizing: The Paucity of Theory in the Journal of Economic Theory

Posted: April 7, 2010 | Author: | Filed under: Mathematical Economics, Methodology | Leave a comment »

http://econjwatch.org/articles/model-building-versus-theorizing-the-paucity-of-theory-in-the-journal-of-economic-theory

Fashion Cycles in Economics

Posted: April 7, 2010 | Author: | Filed under: Mathematical Economics, Methodology | Leave a comment »

http://econjwatch.org/articles/fashion-cycles-in-economics

The Meaning of Statistical Significance

Posted: March 22, 2010 | Author: | Filed under: Mathematical Economics, Methodology | Leave a comment »

http://www.marginalrevolution.com/marginalrevolution/2010/03/the-meaning-of-statistical-significance.html

http://www.sciencenews.org/view/feature/id/57091/title/Odds_are,_its_wrong

Shiller: A Crisis of Understanding

Posted: March 15, 2010 | Author: | Filed under: Macroeconomics, Mathematical Economics, Methodology | Leave a comment »

“

Indeed, the crisis knows no end to the list of its causes. For, in a complicated economic system that feeds back on itself in many ways, events that start a vicious cycle might be as seemingly trivial as the proverbial butterfly in the Amazon, which, by flapping its wings, sets off a chain of events that eventually results in a far-away hurricane. Chaos theory in mathematics explains such dependency on remote and seemingly trivial initial conditions, and explains why even the extrapolation of apparently precise planetary motion becomes impossible when taken far enough into the future.

Weather forecasters cannot forecast far into the future, either, but at least they have precise mathematical models. Massive parallel computers are programmed to yield numerical solutions of differential equations derived from the theory of fluid dynamics and thermodynamics.  Scientists appear to know the mechanism that generates weather, even if it is inherently difficult to extrapolate very far.

The problem for macroeconomics is that the types of causes mentioned for the current crisis are difficult to systematize. The mathematical models that macroeconomists have may resemble weather models in some respects, but their structural integrity is not guaranteed by anything like a solid, immutable theory.”

http://www.project-syndicate.org/commentary/shiller70/English

HT: Mankiw

STATISTICS: FRIEND OF THE INTERVENTIONIST, ENEMY OF LIBERTY

Posted: March 3, 2010 | Author: | Filed under: Mathematical Economics, Methodology, Statistics | Leave a comment »

http://fee.org/from-the-archives/statistics-friend-of-the-interventionist-enemy-of-liberty/

Pitfalls of GDP

Posted: March 1, 2010 | Author: | Filed under: GDP, Mathematical Economics, Methodology | Leave a comment »

http://www.econlib.org/library/Columns/y2010/HendersonGDP.html#

Things Economists Do When No One’s Looking, Olympics Edition…

Posted: March 1, 2010 | Author: | Filed under: Mathematical Economics, Methodology | Leave a comment »

“Just because you can come up with a model that describes the past accurately doesn’t mean that you can predict the future. Predicting the future is a form of extrapolation, which is something I’ve written about before.”

http://www.economistsdoitwithmodels.com/2010/03/01/things-economists-do-when-no-ones-looking-olympics-edition/

Economists Have No Clothes – James Buchanan

Posted: February 9, 2010 | Author: | Filed under: Buchanan, Keynesian Economics, Macroeconomics, Mathematical Economics, Methodology | Leave a comment »
“Why have economists had so little meaningful to say about the 2008 crises? Where and
when did the ‘science’ get off the track? Can anything be done to restore respectability to
Economics as a useful area of inquiry? This short essay examines these questions.”

http://www.rmm-journal.de/downloads/010_buchanan.pdf

HT: Marginal Revolution: http://www.marginalrevolution.com/marginalrevolution/2010/02/economists-have-no-clothes.html

Leamer – Let’s Take the Con out of Econometrics

Posted: February 8, 2010 | Author: | Filed under: Econometrics, Mathematical Economics, Methodology | Leave a comment »

http://ideas.repec.org/a/aea/aecrev/v73y1983i1p31-43.html

Baumol on Entrepreneurship and Its Absence in Models

Posted: September 22, 2009 | Author: | Filed under: Entrepreneurship, Formalism, Mathematical Economics, Methodology | Leave a comment »

http://www.aier.org/ejw/archive/doc_view/3631-ejw-200601?tmpl=component&format=raw

Mathematical Romance

Posted: September 22, 2009 | Author: | Filed under: Mathematical Economics | Leave a comment »

http://www.aier.org/ejw/archive/doc_view/3529-ejw-200504?tmpl=component&format=raw

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