Wednesday, 14 October 2015

Nobel: haters gonna hate

Haters gonna hate. I see a namecheck for Zygmunt Bauman. Maybe he can get a Nobel for copying his books off Wikipedia; instead of such trivia as "“contributions to methods of analysing economic time series with time-varying volatility” (2003) or the “analysis of trade patterns and location of economic activity” (2008)' which, like, can't be real science because they sound sooo boooring.

This article also contains sentences like
Over the past decades mainstream economics in universities has become increasingly mathematical, focusing on complex statistical analyses and modelling to the detriment of the observation of reality.
which is precisely 180ยบ wrong. (Duflo? List? Or, I heard there's some guy called Deaton who spent huge amounts of effort designing household surveys to figure out the best way of measuring poverty.)

There is a real case for humility in economic research, and for sensitivity to the limits of quantitative methods. There's even a real case for qualitative research. It would be great if the case could be made by somebody who knew something about economics.