DISQUS

andrewlocke · 2 months ago

Provocative stance, sir. My one critique would be that you fail to adequately represent the merits of quantification. To quote our president/savor "We need a scalpel not a hatchet." The question, as I see it, is to discover the best way to allocate these newly developed quantitative tools. I agree with Krugman; but we have been mistaking beauty for truth for a long time, especially in economics. Because academic fields are so varied, the issue of quantification needs to be handled on an individual basis. Obviously, economics is one that needs a complete makeover. Others, however, are perhaps on the right track. What we need to do is weed through and find where the quantitative trap exists and where it does not.