Showing posts with label Economics. Show all posts
Showing posts with label Economics. Show all posts

Tuesday, May 14, 2013

Economists often ignore politics says Donald Marron! - wish we all could...


That's what I thought I'm becoming when I dared comment on a blog dedicated to Economics!!.... and, on an article dwelling on how economists don't seem to be factoring-in how 'policy decisions might change the future balance of political power' at that!!! - 

Well, here's the link to the article & below's my comment on the same...


My comment;
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  1. Of course they should pay attention to politics… 
    The legacy of a theorem & assumption based scenario-building clubbed with the current trend of considering only the mathematical & econometric models as having scientific/ academic rigor I feel made economists predominantly quants… with very less patience and sensitivity towards the uncertainties that can be explained only qualitatively and never numerically……
    Guess some of the lost ART needs to put back in the SCIENCE of Economics :-)