All Posts Tagged With: "predictions"

Scientism and the Great Power Nexus

President Obama wants to create jobs. His political life depends on it. So the President recently used the bully pulpit to propose a “jobs” bill that would include heavy spending on infrastructure. Journalists wanted to know what the bill would do. They turned to economists. These experts, armed with the most sophisticated methods available, gave [...]

30Nov2011 | Max Borders | 5 comments | Continued

Illusion of Control

Christopher Mayer is a commercial loan officer and freelance writer. Every day at noon a man shows up at a street corner with a green flag and a bugle. Every day he waves the flag and blows a few notes on the bugle. Then he goes away. A police officer notices this man’s behavior and [...]

1Sep2001 | Christopher Mayer | 0 comments | Continued

A Reviewers Notebook

Is there actually any such thing as a science of economics? Sidney Schoeffler, in a remarkably stimulating book called The Failures of Economics (Harvard University Press, $4.75), goes pretty far toward saying that the subject just doesn’t exist in any scientific sense of the word.This does not mean that he considers economists to be superfluous. [...]

1Sep1956 | John Chamberlain | 0 comments | Continued
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