On Wed, 01 Oct 2008 13:37:01 -0700, Richard Clark
wrote:
taken from:
This Economy Does Not Compute
http://www.nytimes.com/2008/10/01/op...01buchanan.htm
I should have read to the end before posting. Such a gold mine of
topicality that can be applied to the navel gazers here who demand
absolute "proof."
Something of the attitude of economic traditionalists
spilled out a number of years ago at a conference
where economists and physicists met to discuss
new approaches to economics.
As one physicist who was there tells me,
a prominent economist objected that the use of
computational models amounted to "cheating"
or "peeping behind the curtain," and
-tada!-
that respectable economics, by contrast,
had to be pursued through the proof
of infallible mathematical theorems.
73's
Richard Clark, KB7QHC