from Wiktionary, Creative Commons Attribution/Share-Alike License
- abbr. economics
- abbr. economy
from The Century Dictionary and Cyclopedia
- n. An abbreviation of economics.
Sorry, no etymologies found.
So I think the key for North's ideas to get traction in econ is to come up with some non-redundant metrics of institutions and customs that allow one to predict things like intangible GDP cross sectionally.
Most formalism in econ is derived from math dept values not science.
Over the years, I've noticed that development econ is less bound to obscure theory and more willing to look at what works and what doesn't.
As a fundamentalist for over 50 years, with an MA in econ, I feel compelled to respond to some of these points.
It's much like the perfect competition model in econ 101; an interesting excercise of no practical value.
Going on to graduate school in econ at a neo-classical school opened my eyes to this viewpoint: History of economic thought is NOT taught "effectively" at most state institutions.
On Boras's CV: kennedy school econ is not even close to the same thing as fas econ at harvard. almost none of his pubs are not top tier, wheras at fas harvard econ a tenured prof. will have almost all of their pubs. in top tier journals. he could not be a tenured prof. at harvard econ or any other top 10 econ department.
In 1990, after getting a bachelors in econ, I looked at grad schools with my 15 grand to spend.
Not all concepts in econ are just "common sense intuitive."
What we have seen in econ reflects something that has gone on in math itself, a move away from Bourbakian emphasis on axiomatic formalism and towards computer simulation and other methods.
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