Economy browser Reader Sammy Claim:
1) Economists have limited understanding of the real world
2) Economists infer from the statistics of the previous period, which is much more accurate than they admit
3) Economists are ideological and can torture statistics to achieve desired results
I don’t know if readers really know any doctoral degree with a certificate. Economist, but I have to say that based on my own experience, these are not particularly appropriate descriptions.
On (1), almost every PhD. The economist I know did not grow up with a silver spoon in his mouth. Now, like many other scholars, they are usually not from an extremely humble background (as shown in the picture) Paper, Discuss here postal). But interestingly, among the scholars surveyed, business professors (not economics) have the lowest percentage of parents with PhDs.
As for myself, I know that I have to go shopping at the grocery store, go to the DMV to renew my driver’s license, and only have one house to live in. Now, there is only one car between the two of us; the one we retired last time is over 22 years old, and it retired only because we couldn’t get repair parts because it was too old.
I worked in a factory (shift system!-I know what anodizing requires), as a clerk in an anonymous government office, writing phone numbers on the dusty spine of books in the library.I have never worked in the accommodation and food service industry, but my father did His life. I never sew clothes, but my mother did. All in all, I bet that my parents’ socioeconomic status will not surpass that of the potential populist Sammy.
On (2), economists usually warn people not to make inferences based on the last observations. As I documented on this blog, I always (perhaps annoyingly) repeat the latest observations of any given government statistics that may be modified and usually make sense. (this postal It also records many of my warnings about data inaccuracy on Ecobrowser. ) Moreover, the whole idea of cointegration (which appears in many of my published papers) does not involve inferring the last observation.
I cannot refute (3) because, oops, you can almost say that everyone is ideological. Now, among policymakers, I want to say that economists are not as ideological as others, because concepts such as costs, benefits, risks, information asymmetry, and marginal calculations restrict typical economists’ views on specific public policies. .
On the other hand, you can think about how the unpretentious public intellectual Rush Limbaugh deployed statistics (or none) because he enjoyed himself in his humble residence.
source: Wall Street Journal.
