tag:blogger.com,1999:blog-22093933.post1716363019021083837..comments2024-03-28T00:14:10.957-05:00Comments on Deric's MindBlog: How did economists get it so wrong?Deric Bowndshttp://www.blogger.com/profile/16617204535017208765noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-22093933.post-87101221216048488912009-09-08T22:31:47.834-05:002009-09-08T22:31:47.834-05:00Also, some further comments in Krugman's blog:...Also, some further comments in Krugman's blog:<br /><br />http://krugman.blogs.nytimes.com/2009/09/05/a-few-notes-on-my-magazine-article/<br /><br />Krugman's characterization of the split between the beautiful theory and real world messy complexity seems right on the money to me. Everyone seems want to reduce problems in complex biological/social systems to punchy emotionally-resonant slogans. It's not the way biological, and therefore social systems work - the deeper you go, the more complexity you find. This seems to me to be a massive problem for economics in particular: an attempt at science which is continuous collision with the arational conglomeration of just-so beliefs that is politics. Most political beliefs cannot resist trivial attempts at falsification yet they're allowed to more-or-less <b>drive</b> economic theory. It's not going to work, reliably.Jim Birchhttps://www.blogger.com/profile/07415199338332642534noreply@blogger.comtag:blogger.com,1999:blog-22093933.post-92054988338557483412009-09-08T09:13:36.878-05:002009-09-08T09:13:36.878-05:00Thanks, I fixed it.Thanks, I fixed it.Deric Bowndshttps://www.blogger.com/profile/16617204535017208765noreply@blogger.comtag:blogger.com,1999:blog-22093933.post-38746838806531149672009-09-08T09:10:14.595-05:002009-09-08T09:10:14.595-05:00is typo intentional?is typo intentional?Anonymousnoreply@blogger.com