Russ Roberts provided an excellent interview about the nature of economics in a recent EconTalk podcast, with interesting takes on the extent to which economics is a science, and what we mean by "science". Listening to it, I had this thought.
As they write articles and seek publication, economists make repeated efforts to take a complex world and simplify it to a few forces, or a few mathematical models. We all know the world is too complex for one model to handle, but our institutional reward system discourages acknowledging this. I believe that if economists acted more like historians, meaning they were rewarded for composing articles and books articulating the complexity of the world and the importance of personality and circumstance in addition to economic constraints, we would seem wiser in our writings, and probably less politicized on television.
Friday, September 30, 2011
Blog Archive
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2011
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September
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- Was the Old Testament plagiarized?
- Economists should act more like historians
- [Marginal Revolution Style] Markets in Everything:...
- The Goal of Economics
- Fact About Garbage
- Fact About Plastic Shopping Bags
- Today's Quote
- Two Neglected Phenomena of Modern Macroeconomics
- Local Currencies
- An odd wedding vow
- Isabel Paterson's Political Philosophy (first atte...
- There is a book within each of us
- Projecting Book Sales
- How To Run An Ancient Government
- Jon Stewart on political polarization
- Equal Before The Law
- The Evolution of Language
- What would you say before your suicide?
- The Majesty of Ancient Rome
- Greek Stimulus (not what you think)
- I deceive myself because it makes me awesome
- Quantification and Society
- Wonder-Twin Powers: Activate
- Law and Order: Anglo-Saxon Unit
- Item related to origin of law and contract society
- The Evolution of Contract Society
- Purple is for Power
- China and Ayn Rand's Train
- Never believe academic research (half the time)
- Pillage and murder is okay, but not the earning of...
- Nuts to St. Francis
- What I look for in a fiction
- On McDonald's Happy Meal
- Merchants of Christ and the Sin of Planning
- Movie of Leonardo Fibonacci
- Cause of the Great Recession (1998-?) and Importan...
- Origin of "noon" from Medieval Ages
- Huey Long: Destined for Dictatorship
- The First Monotheist...
- The Religion of Keynesism
- Origin of the word salary
- The Tragedy of Russia
- Tragedies of Central Planning
- Medieval Merchants, Ideas, and Economic Growth
- Ancient Chinese Thought on Government
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September
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