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Econometrics: A Link

Image result for computers clipart

A widespread opinion prevails that the science of economics has gotten more quantitative and algorithmic as computer hardware and software capacity has increased. The science has moved in that direction, in other words, simply because it could.

In words Ira Gershwin once provided for his brother's music, "they tell all you chillen the debbil's a villain, but it ain't necessarily so."

I recently encountered a very well-wrought argument that the impact of the computer revolution within economics is generally overstated.  Here's a link from ssrn.  In case anyone reading this doesn't know: that's the social science research network. I love it! You can get so much stuff free there that other sites are trying to get you to pay for.

I also love the anthropomorphic desktop computer clip art I've posted here. Some days I'm just easy to please.


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