Why “feigned ignorance” is not good economics (or
science generally)
https://lantpritchett.org/why-feigned-ignorance-is-not-good-economics-or-science-generally/
https://lantpritchett.org/why-feigned-ignorance-is-not-good-economics-or-science-generally/
Cochrane on the AEA and Direction of Economic
Research
Why Economics Is Failing Us
https://www.bloomberg.com/opinion/articles/2021-05-24/why-economics-is-failing-us
Tyler Cowen notes:
Here’s the dirty little secret that few of my fellow economics professors will admit: As those “perfect” research papers have grown longer, they have also become less relevant. Fewer people — including academics — read them carefully or are influenced by them when it comes to policy.
Actual views on politics are more influenced by debates on social media, especially on such hot topics such as the minimum wage or monetary and fiscal policy
Tyler Cowen notes:
Here’s the dirty little secret that few of my fellow economics professors will admit: As those “perfect” research papers have grown longer, they have also become less relevant. Fewer people — including academics — read them carefully or are influenced by them when it comes to policy.
Actual views on politics are more influenced by debates on social media, especially on such hot topics such as the minimum wage or monetary and fiscal policy
Purpose of Economic Research
Wise words from the winner of the 1981 Nobel Prize in Economics, James Tobin:
“… economic knowledge advances when striking real-world events and issues pose puzzles we have to try to understand and resolve. The most important decisions a scholar makes are what problems to work on. Choosing them just by looking for gaps in the literature is often not very productive and it worst divorces the literature itself from problems that provide more important and productive lines of inquiry. The best economists have taken their subjects from the world around them.”
Wise words from the winner of the 1981 Nobel Prize in Economics, James Tobin:
“… economic knowledge advances when striking real-world events and issues pose puzzles we have to try to understand and resolve. The most important decisions a scholar makes are what problems to work on. Choosing them just by looking for gaps in the literature is often not very productive and it worst divorces the literature itself from problems that provide more important and productive lines of inquiry. The best economists have taken their subjects from the world around them.”