Oct 28 2008
Stochastic calculus porn
Here’s a fantastic quote I just came across:
But the economics profession for the past thirty years instead focused on producing stochastic calculus porn to satisfy young men’s urge for mathematical masturbation.
It was written by Arnold Kling in his Economists with Pseudo-Knowledge blog post. His basic premise is that economists don’t really have a clue how to sort out what’s going on these days. Highly controversial, of course.
Here are some other posts which might interest you:
