Andrew Lang described the way economists use statistics as the way “a drunk uses a lamppost—for support rather than illumination.”
I keep coming back to that line when reading the transparently cynical academic efforts to provide support (and not illumination) for Trump’s birthright citizenship EO.
I keep coming back to that line when reading the transparently cynical academic efforts to provide support (and not illumination) for Trump’s birthright citizenship EO.
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Whoa, buddy, let me stop you right there! Luckily, I had some qualitative influences in my economics department, and I'm eternally grateful for them.
Econ flourished because they could discover a lot about human behavior by measuring money, which was (besides prophecy) the oldest form of writing.
The 90’s to 10’s showed that 1+1 = almost, but not quite 2, and those effects compound.