Here it is.
I am glad Sam finally recognized the didactic value of economics, but his faith in statistics is depressing.
Here is my oringinal post.
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"Adam Smith's enormous authority resides, in the end, in the same property that we discover Marx: not in any ideology, but in an effort to see to the bottom of things." Robert L. Heilbroner commenting on An Inquiry into the Nature and Causes of the Wealth of Nations-- We are no Adam Smith, but we are putting forth "an effort to see to the bottom of things."
3 comments:
I think you missed the point about the statistics profession. The point was not that they are a panecea to anything, but rather they are much more unified in their vision of their profession than economists. This is not a very high bar sadly.
I am coming around to your "lack of vision" thesis. But statistics cannot be economics' vision.
I do not think a discpline can be unified. Statistics is split into the frequentists and Bayesians.
Only individuals can have visions. I agree with you that to be successful I need a clear idea of what I want to do. But I do not see the heterogeneity in the profession as a whole hindering my success.
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