Maurice Allais (1988 Nobel Laureate in Economics) once said something to
the effect that economics can never be a science because it involves
self-interest. *
* "It has been said that Euclid's theorem would have been bitterly
contested had its implications brought financial or political interests
into play. This is no exaggeration. One of the Roman emperors had the first
inventor of aluminum put to death because he considered the discovery
liable to injure certain vested interests. There is no other explanation
for the secular resistance to technical progress. In France the supply of
the first printed cotton garments cost the lives of thousands of people in
the 18th century, and in the 19th, the most active opponents of railway
development were the stagecoach drivers and owners. Recent history
confirms centuries of experience." (Maurice Allais: "Economics as a
Science", Librairie Droz, Geneve 1968, page 19.)
Nuri
On Sat, 27 Apr 2013, Thomas Adams wrote:
Pretty scary...
On Sat, Apr 27, 2013 at 12:28 PM, Albyn Jones <jo...@reed.edu> wrote:
I once had a discussion with an economist who told me
in almost these exact words:
"I don't care what the data say, the theory is so clear".
albyn
On 2013-04-26 9:30, William Dunlap wrote:
The prior for the incompetence/malice question is usually best set pretty
heavily in
favour of incompetence ...
The following comment on economic research is from a 2010 article in
the Atlantic
reviewing John Ioannidis' work.
http://www.theatlantic.com/**magazine/print/2010/11/lies-**
damned-lies-and-medical-**science/308269/<http://www.theatlantic.com/magazine/print/2010/11/lies-damned-lies-and-medical-science/308269/>
"Medical research is not especially plagued with wrongness.
Other meta-research experts have confirmed that similar issues
distort research in all fields of science, from physics to economics
(where the highly regarded economists J. Bradford DeLong and
Kevin Lang once showed how a remarkably consistent paucity of
strong evidence in published economics studies made it unlikely
that any of them were right)."
Bill Dunlap
Spotfire, TIBCO Software
wdunlap tibco.com
-----Original Message-----
From: r-help-boun...@r-project.org [mailto:r-help-bounces@r-**
project.org <r-help-boun...@r-project.org>] On Behalf
Of S Ellison
Sent: Friday, April 26, 2013 9:08 AM
To: Thomas Adams; peter dalgaard
Cc: r-help
Subject: Re: [R] the joy of spreadsheets (off-topic)
One might wonder if the "Excel error" was indeed THAT or
perhaps a way to get the desired results, give the other
issues in their analysis?
The prior for the incompetence/malice question is usually best set
pretty heavily in
favour of incompetence ...
S
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