Noah Smith is an economist who writes interesting things, mostly on contemporary problems, and he has written a long piece on what is the appropriate standard for winning the Nobel Economics Prize is. In doing so he says a lot about the state of the field.
If this interests you, have fun.Ancient, medieval, Islamic and world history -- comments, resources and discussion.
Sunday, October 20, 2024
An enlightening essay on economics for people like me
What do I mean by "people like me?" Well, I am someone who understands the
importance of economics (in my case, for history) but don't really understand
the methodologies. In fact, I'm skeptical. When someone uses the population of
Vietnam in 1500 as one datapoint in a world-wide analysis of development
outcomes, I wonder where on earth they got their numbers. Also I bailed out of
math at an early stage. I don't understand the significance of log and why it
helps solve certain kinds of problems.
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