Ep. 459 Chicago-Trained Alberto Bisin Defends the Use of Mathematics in Economics

Bob has a delightful discussion with one of his NYU professors on the recent controversy regarding the use of math in economics.Mentioned in the Episode and Other Links of Interest:The YouTube version of this interview.Paul Romer's critique of "mathiness" in the theory of economic growth.Bob's doctoral dissertation, with mathematical appendix showing the problems with assuming the real rate of interest equals the marginal product of capital. (The punchline is equation [4] on page 190.)The link for this episode’s sponsor, Monetary Metals.Help support the Bob Murphy Show.