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As soon as you guys have read the title and saw the article I’m discussing, you are probably expected me to go off about Stiglitz – given that, although he’s a genius, his views tend to be a touch unorthodox and I’m a slave to orthodox economic theory. But this isn’t the case. There are […]
Given that Alan Bollard felt compelled to get out his crystal ball when it comes to discussing the next year, I feel like I should get hold of my tarot cards to see what the year ahead holds. As I have said previously, the general justification for tarot card reading is the same as for […]
Tyler Cowen at Marginal Revolution has an interesting post discussing methodological individualism. As a fan boy for methodological individualism, I felt that his criticism of it as a method went a bit far. Here I just want to describe why.
As an economic forecaster, the idea of “seeing the future” is no doubt of interest to me. Combined with the fact that I have compared economic forecasting to tarot card reading, it would seem that I have a prior belief that the ability to see the future exists – but in fact, I very much […]
From Eric Crampton: Because he personally has lost faith in modern portfolio theory, he wants to force all of us to invest locally. Yeah, things have been rough for the last few years. But the proposal here seems pretty worrying. It is a great post – adding to the things I said here, so definitely […]
Hold up a second here. My two favourite bloggers have consecutively posted suggesting that macroforecasters are essentially a waste of space (Offsetting Behaviour and Marginal Revolution). As a macroforecaster I am inherently biased, but I think that such forecasters can add value. Let me discuss why. As I have said in the past, if a […]