BRYAN CAPLAN
May 7, 2013
Keynesian Bets: What's Out There
May 6, 2013
Keynesian Bets Bleg
May 6, 2013
The Pyramid of Macroeconomic Insight and Virtue
May 2, 2013
A Natalist Provision
May 1, 2013
I Was a Teenage Misanthrope
DAVID HENDERSON
May 5, 2013
John Thacker on Vaccinations and the Sequester
May 3, 2013
Chef Rudy's Virtues Project
May 2, 2013
My take on Reinhart and Rogoff
May 1, 2013
Medicare Kills a Program


Economists are doing sociology, psychology, etc. -- and they're calling it "economics". Too bad we can't blow up the departmental boxes and let folks do "research" on whatever they find of interest. But we can't, so given what is being cranked out by the professional sociologists, perhaps this is a second best solution.
The problem is that many economists really don't know much about a lot of non-economic areas. Thus, Levitt's most famous theory -- that legalizing abortion lowered crime -- has taken a terrible beating over the years from those who have looked carefully at the data because Levitt was so ignorant of basic real world events when he made up his theory in 1998 that he hadn't noticed the teen crack crime wave of 1988-1995 among the first cohort born after the legalization of abortion.