Ed Leamer is both smart and wise. In the latest EconTalk, he talks about the challenges of doing empirical social science. Perhaps my favorite moment is when he says that economic theorists are novelists and econometricians are like journalists. His work is underappreciated. His taking the’con’ out of econometrics paper is timeless, alas. We discuss its timelessness and the habits of empirical economists.
Leamer
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