Sunday, September 1, 2013

A thought against the John Bates Clark Medal


Econ is a "science", but of the social kind, no matter how much you math it.

Which means, in a nutshell, that it is about the relationships between people.

Each x on your cartesian plane has a y that is a function of x.


these are relationships between people.

Do you think that anyone under 40 really understands peoople in isolatuion, let alone together?

And we accept a medal for this as a "Nobel" precousor?

Even worse, these are people who have spent a number of years in academia.  That means they are further alienated from actual people who actual act in a market.