Note to recruiters

Note to recruiters: We are quite aware that recruiters, interviewers, VCs and other professionals generally perform a Google Search before they interview someone, take a pitch from someone, et cetera. Please keep in mind that not everything put on the Internet must align directly to one's future career and/or one's future product portfolio. Sometimes, people do put things on the Internet just because. Just because. It may be out of their personal interests, which may have nothing to do with their professional interests. Or it may be for some other reason. Recruiters seem to have this wrong-headed notion that if somebody is not signalling their interests in a certain area online, then that means that they are not interested in that area at all. It is worth pointing out that economics pretty much underlies the areas of marketing, strategy, operations and finance. And this blog is about economics. With metta, let us. by all means, be reflective about this whole business of business. Also, see our post on "The Multi-faceted Identity Problem".

Tuesday, October 22, 2013

ECONOMICS: Raj Chetty is wrong

Raj Chetty writes in the NYT that economics is a science. He is wrong.

My email to Greg Mankiw.


As a computer scientist with an interest in the Philosophy of science, I am sad to see this title for an article in the NYT. 

For economics to be a science, it would need to have two capabilities, which it does not possess unlike the core sciences: experimentation and verification.

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Postscript: I love Krugman's elegant response to Raj Chetty's article. Elegant is the word for it. Note the use of the word 'maybe'. The reason why it is 'maybe' a science is that it is based on 'hard data'. The reason why it is 'maybe' not a science is that it is not based on reproducible experiments and verification.


Maybe Economics Is A Science, But Many Economists Are Not Scientists

Raj Chetty stands up valiantly for the honor of his and my profession, arguing that economics is too a science in which careful research is used to falsify some hypotheses and lend credibility to others. And in many ways I agree: there is a lot of good research in economics, maybe more than ever as the focus has shifted somewhat from theoretical models loosely inspired by observation — which, as he suggests, was my forte — to nitty-gritty empirical work.