20 Years Later
I wonder if a similar moment of reckoning will ever come for modern macroeconomics. I remember working on differential equations on the economy one night and having the sudden insight that the data was far too skimpy and uncontrolled to be at all pretending to do science. and yet there I was going through the motions of doing <i>math</i> on the economy.<p>ditto, of course, goes to holding accountable the economic beliefs of politicians and talking heads of all persuasion. the people conscious of how much we don't know get drowned out by the people who don't care.