muck Posted October 3, 2008 Share Posted October 3, 2008 Seems about right to me. Weeg? Quote Link to comment Share on other sites More sharing options...
wiegie Posted October 3, 2008 Share Posted October 3, 2008 An old joke that makes economists chuckle, but it really isn't all that true. Quote Link to comment Share on other sites More sharing options...
DMD Posted October 3, 2008 Share Posted October 3, 2008 I had an economics professor who once told me it was the only profession where you cannot do a great job or you would have no job. Quote Link to comment Share on other sites More sharing options...
Controller Posted October 3, 2008 Share Posted October 3, 2008 IMHO, economic models by necessity have to start with an assumption of "holding all other factors constant" and then trying to zero in on how well certain factors explain things. Obviously, in real life it is impossible to "hold all other factors constant". But I don't think this is unique to economics - it's probably used a lot in psychology and sociology and many other branches of social science. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.