Econstudentlog

Quote of the day

I would say that prior to Samuelson’s formalization in economics, there were a lot of papers published that lacked clarity and insight. Now that formalization dominates, we also see a lot of papers that lack clarity and insight. If you compare the most insightful mathematical papers with the average non-mathematical papers, math wins. But one can also run the comparison the other way and reach the opposite conclusion.

To say, as Samuelson did, that change will come from the inside the profession is to predict that change will come from those with a vested interest in the status quo.

Arnold Kling.

December 15, 2009 - Posted by | economics, science

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