2min chapter

The Joe Walker Podcast cover image

Housing Bubble Week: Can We Predict Housing Bubbles? - Dean Baker

The Joe Walker Podcast

CHAPTER

The Importance of Sitting Back and Trying to Understand the Economy

In economics, why do these historians seem to do better at predicting than the mathematicians? Well, I think historians tend to view things more deeply, more holistically. And if you really want to understand the economy, you have to sit back and try to look at it. But our samples are just not that large.

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