Thursday, March 02, 2006

More on Statistics, Models, Math and Constructs

As a postscriptum to my post entitled "Kids in a Candy Store" about the use of computer models and mathematical constructs in the field of economics, among others, I give you this from a sage back in the 1960s:

"No modern inquirer would draw conclusions, much less offer policy prescriptions, merely because he could successfully express his verbal argument in the shorthand of mathematics."

[Thanks to for the photo.]

This obvious remonstrance is from Edward C. Harwood, founder of the American Insitute for Economic Research. His book that deals with the subject is:

"Useful Procedures of Inquiry"
Handy, Rollo & Harwood, E.C.
Available at AIER.

For my earlier post, see here.


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