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There is increased danger that AI economics research will turn into a tool to advance a preset policy agenda, similar to what has played out in climate change economics.
The Institute for Operations Research and the Management Sciences
From Bloomberg Opinion: 'Recessions come in a dizzying assortment of shapes, sizes and guises,' Stephen Mihm writes. 'Some are dubbed panics, others depressions. History shows that no two recessions have the same causes or effects. So it makes sense that experts can't identify recessions the way doctors diagnose cancer.'
The great Hungarian economist János Kornai, who passed away in October 2021, was a pioneering analyst of shortages, socialist economies and the economics of transition to a market economy. This column outlines what made him one of the most important intellectuals of the twentieth century.