Economia
In macro, most of the equations that went into the model seemed to just be assumed. In physics, each equation could be - and presumably had been - tested and verified as holding more-or-less true in the real world. In macro, no one knew if real-world budget constraints really were the things we wrote down. Or the production function. No one knew if this "utility" we assumed people maximized corresponded to what people really maximize in real life. We just assumed a bunch of equations and wrote them down. Then we threw them all together, got some kind of answer or result, and compared the result to some subset of real-world stuff that we had decided we were going to "explain". Often, that comparison was desultory or token, as in the case of "moment matching".
- Ha-joon Chang. 23 Things They Don’t Tell You About Capitalism
Sumário do novo livro de HA-JOON CHANG. 23 Things They Don’t Tell You about Capitalism. Ver entrevista do autor na Globonews no link abaixo http://globotv.globo.com/globonews/milenio/t/programas/v/economista-sul-coreano-avalia-os-desafios-do-atual-sistema-capitalista/2132771/...
- A "ciencia Econômica" é Uma Ciência?
What Is Economics Good For? By ALEX ROSENBERG and TYLER CURTAIN It’s easy to understand why economics might be mistaken for science. It uses quantitative expression in mathematics and the succinct statement of its theories in axioms and derived “theorems,”...
- Metodologia Da Escola Austríaca De Economia
“Austrian economics has generally been dismissed as extreme a priorism, cut off from the empirical data of the real world. The true situation is exactly the opposite. Austrian theory ruthlessly confines itself to an analysis of real life in the real...
- A Fórmula Que Matou Wall Street - Receita Para O Desastro
Recipe for Disaster: The Formula That Killed Wall Street - Felix Salmon For five years, Li's formula, known as a Gaussian copula function, looked like an unambiguously positive breakthrough, a piece of financial technology that allowed hugely complex...
- As Vinte Regras Para Tornar-se Bilionário
1. Figure out what you're so passionate about that you'd be happy doing it for 10 years, even if you never made any money from it. That's what you should be doing.2. Always be true to yourself.3. Figure out what your values are and live by...
Economia
O uso da matematica na macroeconomia
In other words, the math was no longer real. It was all made up. You could no longer trust the textbook. When the textbook told you that "Households maximize the expected value of their discounted lifetime utility of consumption", that was not a Newton's Law that had been proven approximately true with centuries of physics experiments. It was not even a game theory solution concept that had been proven approximately sometimes true with decades of economics experiments. Instead, it was just some random thing that someone made up and wrote down because A) it was tractable to work with, and B) it sounded plausible enough so that most other economists who looked at it tended not to make too much of a fuss.
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- Ha-joon Chang. 23 Things They Don’t Tell You About Capitalism
Sumário do novo livro de HA-JOON CHANG. 23 Things They Don’t Tell You about Capitalism. Ver entrevista do autor na Globonews no link abaixo http://globotv.globo.com/globonews/milenio/t/programas/v/economista-sul-coreano-avalia-os-desafios-do-atual-sistema-capitalista/2132771/...
- A "ciencia Econômica" é Uma Ciência?
What Is Economics Good For? By ALEX ROSENBERG and TYLER CURTAIN It’s easy to understand why economics might be mistaken for science. It uses quantitative expression in mathematics and the succinct statement of its theories in axioms and derived “theorems,”...
- Metodologia Da Escola Austríaca De Economia
“Austrian economics has generally been dismissed as extreme a priorism, cut off from the empirical data of the real world. The true situation is exactly the opposite. Austrian theory ruthlessly confines itself to an analysis of real life in the real...
- A Fórmula Que Matou Wall Street - Receita Para O Desastro
Recipe for Disaster: The Formula That Killed Wall Street - Felix Salmon For five years, Li's formula, known as a Gaussian copula function, looked like an unambiguously positive breakthrough, a piece of financial technology that allowed hugely complex...
- As Vinte Regras Para Tornar-se Bilionário
1. Figure out what you're so passionate about that you'd be happy doing it for 10 years, even if you never made any money from it. That's what you should be doing.2. Always be true to yourself.3. Figure out what your values are and live by...