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View Diary: NYT: It's Krugman Vs. Reinhart & Rogoff, Who Trivialize Their Incompetence And Attack “Left” (246 comments)

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  •  On the biases of economists (4+ / 0-)
    Recommended by:
    leema, dadoodaman, Words In Action, melo

    As an economist, I can tell you that far too many economists pick their data to fit their conclusions.  

    What little reputation the profession had has been diminished further by R&R.  What they did is called massaging the data.

    And as a consulting economist, my excel sheets never go out unchecked. If I am eliminating a data point as an outlier, I would clearly explain why; it is generally a very bad idea to start throwing away data.

    •  and then there is the new economy with David (1+ / 0-)
      Recommended by:
      Words In Action

      Korten that eschews the old ways and makes Earth the central point going forward.
      http://davidkorten.org/

      “... there is no shame in not knowing. The problem arises when irrational thought and attendant behavior fill the vacuum left by ignorance.” ― Neil deGrasse Tyson, The Sky Is Not the Limit: Adventures of an Urban Astrophysicist

      by leema on Fri Apr 26, 2013 at 03:55:39 PM PDT

      [ Parent ]

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