Shop Talk Among the Idiot Savants

Richard Serlin:

“You do see a lot of complaints from economists about economists [with a bachelors in math or physics, but] without bachelors in econ, not understanding intuitively much of the field.”

Serlin is a professor of finance at the U. of Arizona.

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Numerical information has no contribution whatever to make to pure economic theory, because there is no numerical information which gives us constants in the sense that we can assume that they’re still true 4 or 5 years hence. — F. H. Hayek

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