China’s military may be examining its decades-old space program for ways to improve data collection and disrupt the satellites of other countries if needed, analysts said this week following a Mars landing and a debris crash into the Indian Ocean. Earlier this month China placed a rover on Mars, the …
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Why Economic Models Can’t Provide A Realistic Picture Of Human Behavior – Analysis
While in the natural sciences a laboratory experiment can isolate various elements and their movements can be followed through, there is no equivalent in the economic discipline. The introduction of econometrics and model building is an attempt to produce a laboratory where controlled experiments can be conducted. The idea of …
Read More »Economics And The Study Of Race – Analysis
In the wake of last summer’s Black Lives Matter protests, many have asked themselves what they are doing to tackle racial injustice. For economists, one central question is the extent to which the profession has examined the causes and consequences of racial inequality. This column reports evidence that race-related research …
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