modeling beauty

Doug Henwood dhenwood at panix.com
Tue Jan 4 21:22:12 PST 2000


Carrol Cox wrote:


>Would it be correct to say that when economists say A varies
>directly as B (or some similar proposition) they usually do not
>have the slightest idea as to whether the correspondence is
>significant or utterly trivial??? Or if it is significant, it is unknown

Generally they let neoclassical theory guide them. Posit some relation from theory, and then farm the data to prove it.

Doug



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