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Karl_Smith comments on For progress to be by accumulation and not by random walk, read great books - Less Wrong

35 Post author: MichaelVassar 02 March 2010 08:11AM

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Comment author: Karl_Smith 03 March 2010 06:20:12PM *  4 points [-]

So the easy answers might be:

Ben Bernanke

Mark Gertler

Micheal Wooford

Greg Mankiw

Its not clear to me why macro-economists are rightly subject to such criticism. To me its like asking a mathematician, "If you're so good at logical reasoning why didn't you create the next killer app"

Understanding how the economy works and applying that knowledge to a particular task are completely different.

Comment author: SecondWind 19 May 2013 06:03:38AM *  1 point [-]

"If you're so good at logical reasoning why didn't you create the next killer app"

'Designing the next killer app' seems to rely heavily on predicting what people will want, which is many steps and a lot of knowledge away from logical reasoning.