Thursday, May 20, 2010


Falkenblog: "At the end of the day most really great economic ideas aren't derived through the formalism of abstruse mathematics, but rather, finding an important parochial problem and solving it, and then fortuitously finding out it has general relevance. Math is merely a way to compliment the exposition of an economic idea, not to prove it: if an idea is only compelling within the context of a complex mathematical proof, it is probably not robust to slight changes in assumptions."