Wednesday, October 8, 2008

Do you believe in models?

fundamentalist, realists, and the crisis. As usual, Paul Romer has interesting things to say. I found this on Gregory Mankiw's blog.
DiggIt!Add to del.icio.usShare on Facebook

1 comment:

cosimo said...

The question: Do you believe in models? My answer: Relative to what? If it is relative to empirics, I am sorry but I have to say yes, quoting the old say that "there are two things you'd better not watch in the making: sausages and econometric estimates"...