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• 9 years - 105 posts - Latest - RSS
• Thread: 2329 Goods vs 368 No Goods

1. Economist
   ac6b
   

   "His basic findings have been accepted by many economists, although not by Mr. Chiswick, who accuses his rival of "misrepresenting my contributions in order to build himself up." Mr. Borjas retorts that, early on, Mr. Chiswick tried to trash his work. Each man scoffs at the other's charges.

   When both attended a conference in Australia some years back, they ended up in shouting matches. "It was like: 'Guys, go up to the room and punch each other out,' " says Harvard economist Richard Freeman, who accompanied the pair."

   9 years ago # QUOTE 2 Volod 1 Vlad !

2. Economist
   a9b2
   

   bump

   8 years ago # QUOTE 1 Volod 0 Vlad !

3. Economist
   4e50
   

   "Why?"

   8 years ago # QUOTE 1 Volod 0 Vlad !

4. Economist
   8a17
   

   The "grim trigger" defense to blackmail. That's a new one. Don't know if the Supreme Court has ruled on that one yet.
   615a

   I'm proud of this one

   8 years ago # QUOTE 1 Volod 0 Vlad !

5. Economist
   cbe1
   

   Bump

   7 years ago # QUOTE 0 Volod 0 Vlad !

6. Economist
   0fb5
   

   Is the most recent bump because of what happened yesterday? Were you there?

   7 years ago # QUOTE 0 Volod 0 Vlad !

7. Economist
   cf05
   

   "The Affordable Care Act has made significant progress toward solving long-standing challenges facing the US health care system related to access, affordability, and quality of care."

   Barack H. Obama https://jama.jamanetwork.com/article.aspx?articleid=2533698

   6 years ago # QUOTE 0 Volod 0 Vlad !

8. Economist
   dcdc
   

   "It's not even wrong."
   - Wolfgang Pauli

   6 years ago # QUOTE 1 Volod 0 Vlad !

9. Economist
   ffc5
   

   [...] modern macro has been widely attacked as deficient and wrongheaded.
   Sargent: Oh. By whom?
   Rolnick: For example, by Paul Krugman in the New York Times and Lord Robert Skidelsky in the Economist and elsewhere. You were a visiting professor at Princeton in the spring of 2009. Along with Alan Blinder, Nobuhiro Kiyotaki and Chris Sims, you must have discussed these criticisms with Krugman at the Princeton macro seminar.
   [...]
   Rolnick: What was Paul Krugman’s opinion about those Princeton macro seminar presentations that advocated modern macro?
   Sargent: He did not attend the macro seminar at Princeton when I was there.
   Rolnick: Oh.

   https://www.minneapolisfed.org/publications/the-region/interview-with-thomas-sargent

   6 years ago # QUOTE 6 Volod 0 Vlad !

10. Economist
    01ba
    

    Bump

    6 years ago # QUOTE 0 Volod 0 Vlad !

11. Economist
    32fb
    

    BORJAS whole poast.

    6 years ago # QUOTE 0 Volod 0 Vlad !

12. Economist
    1034
    

    "[EJMR is] not a legitimate source of information" - Hoynes

    Currie echoed Hoynes, saying that Econ Job Rumors is “not a legitimate source of information” and that commenters there "quite often have the ‘wrong end of the stick’..."

    6 years ago # QUOTE 1 Volod 0 Vlad !

13. Economist
    d9fa
    

    Surprise this hasn't made it to the 100g club

    Much better than my couple of 100+ threads

    6 years ago # QUOTE 0 Volod 0 Vlad !

14. Economist
    3e6e
    

    bemp

    6 years ago # QUOTE 0 Volod 0 Vlad !

15. Economist
    d60c
    

    [...] modern macro has been widely attacked as deficient and wrongheaded.
    Sargent: Oh. By whom?
    Rolnick: For example, by Paul Krugman in the New York Times and Lord Robert Skidelsky in the Economist and elsewhere. You were a visiting professor at Princeton in the spring of 2009. Along with Alan Blinder, Nobuhiro Kiyotaki and Chris Sims, you must have discussed these criticisms with Krugman at the Princeton macro seminar.
    [...]
    Rolnick: What was Paul Krugman’s opinion about those Princeton macro seminar presentations that advocated modern macro?
    Sargent: He did not attend the macro seminar at Princeton when I was there.
    Rolnick: Oh.
    https://www.minneapolisfed.org/publications/the-region/interview-with-thomas-sargent

    More from the interview between Sargent and Rolnick.

    Rolnick: Oh.

    Sargent: I know that I’m the one who is supposed to be answering questions, but perhaps you can tell me what popular criticisms of modern macro you have in mind.

    Rolnick: OK, here goes. Examples of such criticisms are that modern macroeconomics makes too much use of sophisticated mathematics to model people and markets; that it incorrectly relies on the assumption that asset markets are efficient in the sense that asset prices aggregate information of all individuals; that the faith in good outcomes always emerging from competitive markets is misplaced; that the assumption of “rational expectations” is wrongheaded because it attributes too much knowledge and forecasting ability to people; that the modern macro mainstay “real business cycle model” is deficient because it ignores so many frictions and imperfections and is useless as a guide to policy for dealing with financial crises; that modern macroeconomics has either assumed away or shortchanged the analysis of unemployment; that the recent financial crisis took modern macro by surprise; and that macroeconomics should be based less on formal decision theory and more on the findings of “behavioral economics.” Shouldn’t these be taken seriously?

    Sargent: Sorry, Art, but aside from the foolish and intellectually lazy remark about mathematics, all of the criticisms that you have listed reflect either woeful ignorance or intentional disregard for what much of modern macroeconomics is about and what it has accomplished. That said, it is true that modern macroeconomics uses mathematics and statistics to understand behavior in situations where there is uncertainty about how the future will unfold from the past. But a rule of thumb is that the more dynamic, uncertain and ambiguous is the economic environment that you seek to model, the more you are going to have to roll up your sleeves, and learn and use some math. That’s life.

    5 years ago # QUOTE 3 Volod 2 Vlad !

16. Economist
    d60c
    

    bemp

    5 years ago # QUOTE 0 Volod 0 Vlad !

17. Economist
    d60c
    

    "His basic findings have been accepted by many economists, although not by Mr. Chiswick, who accuses his rival of "misrepresenting my contributions in order to build himself up." Mr. Borjas retorts that, early on, Mr. Chiswick tried to trash his work. Each man scoffs at the other's charges.
    When both attended a conference in Australia some years back, they ended up in shouting matches. "It was like: 'Guys, go up to the room and punch each other out,' " says Harvard economist Richard Freeman, who accompanied the pair."

    Oops, meant to bump this one.

    5 years ago # QUOTE 0 Volod 0 Vlad !

18. Economist
    5a32
    

    Oft repeated: "There is much that is good in this paper and much that is new. But nothing that is both."

    5 years ago # QUOTE 1 Volod 0 Vlad !

19. Economist
    cac4
    

    bump

    5 years ago # QUOTE 0 Volod 0 Vlad !

20. Economist
    3750
    

    bump

    5 years ago # QUOTE 0 Volod 0 Vlad !

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