Dyson on Economics

by Russ Roberts on February 17, 2011

in State of Macro

I’m interviewing Freeman Dyson tomorrow for EconTalk. Here is what he says about climate change.

When I listen to the public debates about climate change, I am impressed by the enormous gaps in our knowledge, the sparseness of our observations and the superficiality of our theories. Many of the basic processes of planetary ecology are poorly understood. They must be better understood before we can reach an accurate diagnosis of the present condition of our planet. When we are trying to take care of a planet, just as when we are taking care of a human patient, diseases must be diagnosed before they can be cured. We need to observe and measure what is going on in the biosphere, rather than relying on computer models.

Replace “climate change” with “macroeconomics.” Same problem.

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