Piketty and Heckman: Why economics needs data
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- Опубликовано: 24 окт 2024
- Thomas Piketty of Paris School of Economics and James Heckman of University of Chicago tell The CORE Project why observed data must be the starting point for economists. Learn more in the free ebook The Economy, Unit 1: tinyco.re/TE-1....
CORE is a global community of learners, teachers and researchers that is transforming how economics is learned by bringing recent advances in the field to bear on societal challenges such as the future of work, climate change and inequality, using free interactive online resources and implementing the best new teaching techniques. Find out more at www.core-econ.org.
I don't understand why this isn't already an integrated part of economics.
The idea that economics needs data is fundamentally flawed. Data is needed for the hard sciences to validate its theories. Economics is the study of human action -- and since we are all humans, we have immediate and unmediated access to the subject matter of economics (humans) and therefore the theories do not need data to validate them.
Information about human interaction is not generally intuitive. If it were, social sciences wouldn't exist.
@@vantage4912 It is. Its just too often ignored.
@@Atanu "we have immediate and unmediated access to the subject matter of economics (humans) and therefore the theories do not need data to validate them." and you dare to call what is in the video nonsense :)
@@aaj1415 Fortunately what he is saying is outright nonsense, so it is not very dangerous :)
A l’aide
This is subtle nonsense. Not outright nonsense but subtle nonsense. Which makes it very dangerous.
Explain...
I agree 100% your comment is outright nonsense.
Cheers