For far too long economists have sought to define…
“For far too long economists have sought to define themselves in terms of their supposedly scientific methods. In fact, those methods rely on an immoderate use of mathematical models, which are frequently no more than an excuse for occupying the terrain and masking the vacuity of the content.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Economists over‑rely on mathematical models, using them to hide lack of substantive content.
In simple terms: Economists use math to mask weak ideas.
Prioritize substantive insight over model reliance.
Themes
Mood
Type
When to use this quote
- policy analysis
- academic research
- public debate
- education curriculum
Key Concepts
Questions to Reflect On
- What evidence supports the model’s assumptions?
- How can we balance rigor with relevance?
Models can be useful tools when applied appropriately, not just excuses.