>No "advances" in math can compensate for the things Keynes brought up in
>his critique of Tinbergen's early econometrics: "What place is left for
>expectation and the state of confidence relating to the future? What place
>is allowed for non-numerical factors, such as inventions, politics, labour
>troubles, wars, earthquakes, financial crises?.... [H]ow far are the
>results mechanically and uniquely obtainable from the data, and how far do
>they depend on the way the cook chooses to go to work?"
>
>Doug
see, it's what i already said (tho a mistake as i sent the offlist to barkley to the list). and it's just gonna take a sociologist to do this because it's not about methods, but METHODOLOGY.
face it, econodrones will be left to eat MY dust. vrooooom vrooooom!
:)
ok, i have waaaaaaaaay overposted.
kelley