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The author at Fahreunblog in a related article titled Economia e Scienza. Russ Roberts has a question writes:
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saifedean writes:
I would take exception to the first, because I would modify Russ' challenge to include results about something that actually matters and exists in the real world. The rational actor model is a construct of the fancy of economists in the 20th century. It was wrong to begin with. It means nothing to the real world and it tells us nothing. It is useful for constructing unrealistic models that are at best interesting thought exercises. Destroying this does not count as a triumph for economics--it's simply attempting to cancel out something that is bad to begin with: taking this model in any way seriously. I have the same problem with Tyler's examples--they seem to me to be about abstract constructs of economists--not real life questions and problems. The only one that is real is number 5 (more policing reduces crime) and that strikes me as an awfully common-sensical result not really worth bragging about. Posted June 12, 2009 12:01 PM
dWj writes:
I find it interesting how much of Becker's and Friedman's writing from the fifties and sixties, whenever it refers to expected utility or other optimizing behavior, tips the hat repeatedly to the possibility of exceptions before almost apologetically proceeding with the discussion of the consequences of the "standard economic model". Posted June 12, 2009 12:09 PM
Pedro writes:
Regarding self-interested voter: I tried to discuss this point in a graduate public choice course, and nobody had a clue what I was talking about. Posted June 12, 2009 2:27 PM
James Hanley writes:
As a political scientist, I would argue that you're wrong on the status of the concensus about the self-interested voter hypothesis. First, many political scientists who don't believe in the self-interested voter weren't convinced by the empirical research--they never believed in it anyway and no empirical research could ever have won them over. And your criticism of those who ignore the empirical research and focus on mathematical modeling is a bit inapropos--they did not "retreat" into mathematical modeling, but for the most part have never done anything but mathematical modeling. That leaves a relative few who have actually been won over by the empirical research itself. In a nutshell, political science is still far too fragmented a discipline (regretably) to have concensus about much of anything. It doesn't help that far too many either think that only mathematical models are good research (and empirical verification is simply a less elegant redundancy), or think that any kind of positive research is a conservative reinforcement of the status quo. Posted June 15, 2009 9:10 AM
Juan Carlos writes:
how about Daron Acemoglu's, Simon Johnson's and James Robinson's series of articles testing the hypothesis that institutions are te cause of long run growth?? they use instrumental variables in a variety of historical examples and prove that is in fact the truth. Posted June 16, 2009 12:46 AM
Gena Kukartsev writes:
Isn't your modified challenge satisfied by a body of works on global warming? If so, doesn't that disturb you? I do not have a good alternative to suggest but "consensus" in science is a dangerous thing. Posted June 19, 2009 6:22 AM
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