Archive for June 20th, 2011

Economists: cranking numbers to answer small problems.

June 20, 2011

According to Business Week: Tyler Cowen is  America’s Hottest Economist.

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Cowen says that most economists don’t read, at least not widely.

Robert Frank, who teaches economics at Cornell University, agrees.

He says the ascent to tenure leads young economists toward math and small questions.

Universities hold on to only the leading figures in each academic sub-specialty.

“You want to climb to the top of a hill,” says Frank, “and it’s a lot easier to climb to the top of a small hill than a big broad one.”

There’s an idea among academic economists that the privilege of writing a narrative argument must be earned through the hard work of modeling and econometrics.

“There is a view that what can’t be disproven isn’t science.”

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Electorate says: “GOP generic is my candidate”

June 20, 2011

According to Gallup’s most recent polling, a “generic” GOP candidate would beat President Obama  by 5 points – 44% to 39%.

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Ken’s Take: The GOP debate strategy – pick on Obama’s policies rather than each other – might just take a toll on the President.

If the candidates stay committed to somebody beating Obama rather than “me” winning, the President will be facing a 18 months of substantial drip-drip-drip.

But, I doubt the candidates will stay on message.  Eventually, some of the candidates will revert to an “elect me” strategy.

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