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Comments on: Quote 17: Dani Rodrik on the problem with economist http://www.tvhe.co.nz/2009/03/09/quote-16-dani-rodrik-on-the-problem-with-economists/ The Visible Hand in Economics Thu, 12 Mar 2009 12:03:36 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: The failure of contemporary macroeconomic theory? | TVHE http://www.tvhe.co.nz/2009/03/09/quote-16-dani-rodrik-on-the-problem-with-economists/#comment-17971 Thu, 12 Mar 2009 12:03:36 +0000 http://www.tvhe.co.nz/?p=3127#comment-17971 […] economics that has, and will, be performed – I quoted approvingly when Dani Rodrik said that some economists had abused the theory.  Similarly I nodded my head when Arnold Kling said the same thing. When Agoraphilia pointed out […]

]]> By: The failure of contemporary macroeconomic theory? | TVHE http://www.tvhe.co.nz/2009/03/09/quote-16-dani-rodrik-on-the-problem-with-economists/#comment-17970 Thu, 12 Mar 2009 12:03:35 +0000 http://www.tvhe.co.nz/?p=3127#comment-17970 […] economics that has, and will, be performed – I quoted approvingly when Dani Rodrik said that some economists had abused the theory.  Similarly I nodded my head when Arnold Kling said the same thing. When Agoraphilia pointed out […]

]]> By: Matt Nolan http://www.tvhe.co.nz/2009/03/09/quote-16-dani-rodrik-on-the-problem-with-economists/#comment-17923 Tue, 10 Mar 2009 23:50:37 +0000 http://www.tvhe.co.nz/?p=3127#comment-17923 @Kimble

I had the feeling economists practically were engineers 😛

God knows we use exactly the same dynamic programming methods …

]]> By: Matt Nolan http://www.tvhe.co.nz/2009/03/09/quote-16-dani-rodrik-on-the-problem-with-economists/#comment-17922 Tue, 10 Mar 2009 23:50:00 +0000 http://www.tvhe.co.nz/?p=3127#comment-17922 @rauparaha

Good questions rauparaha.

I would say my problem with economists is that they act like their opinions are strictly the result of objective analysis – when they are the result of value judgments.

Now economists can’t be persuasive and have opinions without value judgments – as you can’t reach a conclusion without introducing some value judgments.

However, I would prefer it if economists didn’t say things like “that is just bad economics” when someone with an equally robust argument disagrees with them. This is where my issue with some economists currently sits.

]]> By: Kimble http://www.tvhe.co.nz/2009/03/09/quote-16-dani-rodrik-on-the-problem-with-economists/#comment-17896 Tue, 10 Mar 2009 01:05:53 +0000 http://www.tvhe.co.nz/?p=3127#comment-17896 Channelling moz:

Engineers could do it all better.

]]> By: rauparaha http://www.tvhe.co.nz/2009/03/09/quote-16-dani-rodrik-on-the-problem-with-economists/#comment-17895 Mon, 09 Mar 2009 21:42:31 +0000 http://www.tvhe.co.nz/?p=3127#comment-17895 You mean you have a problem with economists having an opinion? I anticipate your response will suggest that they should frame any opinion by making clear what are value judgments and what are positive statements; however, that makes for very bad reading and is unlikely to happen when writing outside a purely academic context.

My real question is, how can economists have an opinion AND be persuasive and readable without mixing value judgments in with models?

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