Thursday, April 27, 2006

Sam's State of Economics

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.

3 comments:

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  2. 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.

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  3. 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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