tag:blogger.com,1999:blog-3621026.post5452855369763675300..comments2024-03-29T06:05:04.162+01:00Comments on Robert's Stochastic thoughts: My Thoughts on Dani Rodrik's ThoughtsRoberthttp://www.blogger.com/profile/14455788499385673507noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3621026.post-88418321495251469712013-05-09T21:25:17.648+02:002013-05-09T21:25:17.648+02:00"I think that Dani Rodrik might benefit from ..."I think that Dani Rodrik might benefit from reading "Fact Fiction and Forecast" by Nelson Goodman."<br /><br />You are SOoooo right. In fact, probably everyone, or at least everyone in any way connected with social science or philosophy, would benefit. Read something sensible for a change!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3621026.post-28234330609740115952013-05-09T03:40:39.911+02:002013-05-09T03:40:39.911+02:00This is all spot on.
The problem with modern macr...This is all spot on.<br /><br />The problem with modern macro theory isn't that it's wrong about X, Y, or Z, it's that, as far as analyzing real-world outcomes goes, it simply doesn't exist.<br /><br />When macroeconomists of any political views go to argue for some policy or explain some concrete event, they use the same kind of ad hoc causal stories, supported by completely casual empirics, that a good business journalist would. (Or not so good, in some cases.) <br />JW Masonhttps://www.blogger.com/profile/10664452827447313845noreply@blogger.com