Comments on: Why Does Economics Research Favor Counterintuitive Results? http://cheaptalk.org/2012/10/09/why-does-economics-research-favor-counterintuitive-results/ A blog about economics, politics and the random interests of forty-something professors Tue, 18 Jun 2013 21:10:08 +0000 hourly 1 http://wordpress.com/ By: Enrique http://cheaptalk.org/2012/10/09/why-does-economics-research-favor-counterintuitive-results/#comment-18775 Tue, 09 Oct 2012 23:34:35 +0000 http://cheaptalk.org/?p=12212#comment-18775 The critique of A & R (and economics generally) is fairly devasting and damning, or at least embarassing, for Noah shows that they only get out of their model what they surreptiously slip into their assumptions

]]> By: DRDR http://cheaptalk.org/2012/10/09/why-does-economics-research-favor-counterintuitive-results/#comment-18772 Tue, 09 Oct 2012 22:05:30 +0000 http://cheaptalk.org/?p=12212#comment-18772 It’s not a devastating critique. Noah just missed all that’s counterintuitive about their theory.

He’s also wrong that a theory is incomplete or “should not be believed” until it’s tested. Yes, every good empirical study will be informative, but in the absence of empirics or competing explanations, what else are we going to believe right now?

]]> By: TuringTest http://cheaptalk.org/2012/10/09/why-does-economics-research-favor-counterintuitive-results/#comment-18766 Tue, 09 Oct 2012 20:33:33 +0000 http://cheaptalk.org/?p=12212#comment-18766 But see this devastating critique of A and R’s argument:
http://noahpinionblog.blogspot.com/2012/10/acemoglu-and-robinson-versus-blogs.html

]]>