« Sriperumbudur: India's Shenzhen? | Main | Middle class values and the rise of capitalism »

Monday, March 19, 2007


Stephen Gordon

As if business people could know better than economists why they behave.

No doubt they do. But is there any reason to believe that they'll tell the truth, if asked?

Gabriel M.

Well, it depends... many ideas we have about ourselves are self-serving.

Managers DO cut wages. They do it by increasing turnover and hiring new people at lower wages. Yes, renegotiating with existing employees sends the wrong signal and can have unpleasant implications (employees talk to each other, etc.).

Also, the title is overly bombastic. Case studies and story-telling are nothing new. Really! And they won't replace VARs and other serious quantitative methods and econometrics.

Scott Peterson

"observation-less theorizing" was if I recall from philosophy class the Aristotelian method of reasoning; which held back science for a thousand years if not more. It took someone with courage like Galileo to actually look out into space and reason based on observation to propel Western science into its successful modern era. Based on the information in your post and the later post about lack of use of non-linear math among economists, I would say that academic economics is the epitome of ivory-tower uselessness.

travesti sex

This article is very beautiful, I really get very beyendım text files manually to your health as you travesti very beautiful and I wish you continued success with all respect ..

Thanks for helpful information travesti siteleri you catch up us with your sagol instructional çok explanation.
en iyi travestiler en guzel travesti

istanbul travestileri
ankara travestileri
izmir travestileri
travesti siteleri
travesti video
travesti sex
travesti porno
güncel blog


travesti in Turkey to search, to find the right path and that you want to talk with travesti. Very thanks brother, good work.

The comments to this entry are closed.


  • TEST

  • Subscribe in NewsGator Online

Economist Weblogs



  • This is a personal web site, produced in my own time and solely reflecting my personal opinions. Statements on this site do not represent the views or policies of my employer, past or present, or any other organisation with which I may be affiliated. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities.