Category Archives: Macroeconometrics
HAYEKIAN REALITIES BRING ‘NORMAL SCIENCE’ TO AN END IN MACROECONOMICS
A long period of Kuhnian “normal science” is over in macroeconomics, banking, and finance — the news comes directly from the top guns in science (see also here, here, here, and here.) What killed it? A series of empirical … Continue reading
Arnold Kling on the Pseudo-Science of Macroeconometrics
Few economists have a sophisticated theoretical education in macroeconometric modeling — many are the equivalent of children playing with a computer game they really don’t understand. Arnold Kling is not one of these. In a series of essays Kling has … Continue reading
Posted in Macroeconometrics, Scientism
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