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LOL. Yes, running experiments on entire countries is "kind of" difficult, to put it mildly. But the links I shared suggest the divide in macroeconomics goes we
by cs702 11y ago
LOL. Yes, running experiments on entire countries is "kind of" difficult, to put it mildly.
But the links I shared suggest the divide in macroeconomics goes well beyond that. Quoting from Romer's blog post (http://paulromer.net/mathiness http://paulromer.net/mathiness): "The goal in starting this discussion is to ensure that economics is a science that makes progress toward truth. A necessary condition for making this kind of progress is a capacity for reaching consensus that is grounded in logic and evidence. Given how deeply entrenched positions seem to have become in macroeconomics, this discussion could be unpleasant. If animosity surfaces, it will be tempting to postpone this discussion. We should resist this temptation." In the most nice and polite way possible, he's accusing his colleagues of engaging in cargo cult science.