Is economics a "third culture" the way Noah Smith suggests it is?
Is it sufficiently different that it deserves its own category apart from the humanities and the sciences?
Well, clearly Smith does. His article is interesting, though, more for what it shows us about the viewpoint of those who are trying to [more…]
And while I am on the subject I see Krugman makes the case that "real economics", aka supreme belief in market magic, may well not be that real after all. Then he throws this in:
"Yes, much of micro can be derived rigorously from individual maximization plus equilibrium; but why, exactly, does that make it right?"
This is a bit of a rant. Please bear with me.
I rarely do this, but here's a link to one of my favorite economics blogs:
Unlearning Economics:Economists Dissing Economics
The problem with all this self-criticism is that many of the people doing the dissing are responsible for the disarray they are criticizing. A different [more…]