Once upon a time there was a theory
Article Abstract:
Most economic theories, except the endogenous theories of Paul Romer and Robert Lucas, depend to some extent on narrative accounts of economic activity. These exogenous economic theories draw upon methods and practices common in the humanities.
Publication Name: Scientific American
Subject: Science and technology
ISSN: 0036-8733
Year: 1995
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The insignificance of statistical significance
Article Abstract:
The concept of statistical significance is based on the probability of a given event taking place. However, statistical significance does not necessarily mean that a given event is certain.
Publication Name: Scientific American
Subject: Science and technology
ISSN: 0036-8733
Year: 1995
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The Gulliver effect
Article Abstract:
The US economy can be compared to the fictional character, Gulliver. Although bigger and stronger than any in the world, it is tied down by the 'threads' of the world economy.
Publication Name: Scientific American
Subject: Science and technology
ISSN: 0036-8733
Year: 1995
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