29 min listen
Ed Leamer on Macroeconomic Patterns and Stories
FromEconTalk
ratings:
Length:
66 minutes
Released:
May 4, 2009
Format:
Podcast episode
Description
Ed Leamer, of UCLA and author of Macroeconomic Patterns and Stories, talks with EconTalk host Russ Roberts about how we should use patterns in macroeconomic data and stories about those patterns to improve our understanding of the economy. Leamer argues that economics is not a science, but rather a way of thinking, and that economic models are neither true nor false, but either useful or not useful. He discusses various patterns in the recessions and recoveries in the United States since 1950. The conversation closes with a discussion of the reliability of econometric analysis.
Released:
May 4, 2009
Format:
Podcast episode
Titles in the series (100)
Giving Away Money: An Economist's Guide to Political Life: The economics of politics, rent-seeking, and lobbying, by Russ Roberts and Mike Munger. by EconTalk