Blog Archives

Leading Economists Experience a Panic Attack in Chicago Over Lost Credibility

Over the weekend, America’s leading economists gathered in Chicago for their annual AEA conference. The mood perfectly encapsulates the current state of affairs of a profession that is more to blame for our current predicament than any other…

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What Metric Are We Optimizing For?

If we choose metrics unwisely, we create self-destructive choices, policies and goals.

Yesterday, I explained why GDP = Waste. This raises a larger issue: we shape our choices and goals to optimize what we choose to measure.

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