Questions tagged [soft-question]

A Non-specific question regarding economic practice and analytical development.

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68
votes
13answers
22k views

Fundamental equations in economics

For the other sciences it´s easy to point to the most important equations that ground the discipline. If I want to explain Economics to a physicist say, what are considered to be the most important ...
65
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23answers
16k views

Criticism of Math in Economics

I've been reading and speaking to a number of educated economists and economics PhDs who are against the use of intense mathematics and mathematical proof in economic theory. Specifically I've been ...
14
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5answers
320 views

Contest: earliest written instance of economic thought

Following part 5 of @Lateral fractal answer to "Handy Hints for Committing to the Beta" on the meta "Have fun! No fun = No play. No play = No beta. I'm sure I'm not the only one to feel that a ...
13
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2answers
2k views

Differentiate a positive externality and the absence of a negative externality. Tax or subsidize?

I hope this isn't overly semantic, but I'd like to gain some clarification on the use positive (or negative) externality. I usually shoot down suggestions for examples of positive externalities like ...
8
votes
3answers
1k views

Citing non-economics studies in an economics research paper

I am currently working on a paper in economics that has some dimensions that discuss women's social value. As is the case in developing countries a lot of economic studies do not exist whereas there ...
7
votes
2answers
139 views

What do game theorists think of behavioural economics?

Though behavioural economics has been popularized over the past decade in both industry and pop culture, it seems that not much has changed with regard to the standard economic definition of ...
7
votes
4answers
2k views

Mathematical open problems that (when answered) might unlock MAJOR mathematical (micro)economics/finance/econometrics discoveries

Are there any (specific) math open problems that mathematical (micro)economics / finance / econometrics researchers wish mathematicians could solve for their discoveries to flourish? If positive, ...
6
votes
4answers
1k views

Why does the Solow Model matter for undergraduate students?

I've been looking at the economics undergraduate curriculum and have been thinking and wondering as to what specific skillset we want to equip undergraduate students with in the working world. One ...
6
votes
5answers
2k views

Book recommendations on empirical methods in economic research and econometrics?

This question is more so geared toward anyone with research experience within economics, though of course, anyone is welcome to respond. I'm an undergraduate math major with a minor in economics. I'...
6
votes
1answer
2k views

Why hasn't JPE formally retracted Emily Oster's article “Hepatitis B and the Case of the Missing Women” (2005)?

Amartya Sen (1992) argued that there were more than 100M "missing women" worldwide. In "Hepatitis B and the Case of the Missing Women" (2005), Emily Oster argued that hepatitis B ...
6
votes
4answers
407 views

What is an economic crisis?

I'm not sure if this is a silly question or overly semantic but I think the term "Crisis" is misunderstood (or at least misunderstood by myself). There are a number of ways the term is used, namely: ...
6
votes
3answers
2k views

What are the best books for developing a solid understanding of fundamentals of Economics?

Recently, Raghuram Rajan, a former chief economist at the International Monetary Fund and current Governor of central bank of India, while addressing undergraduate students of Economics, said: ... ...
5
votes
4answers
173 views

Taking observed preferences seriously

You often hear economists (proudly) say that they don't take stated preferences seriously, but instead rely on observed preferences. Correct? To me both are problematic if you want to understand ...
5
votes
2answers
532 views

How can I model my problems with math?

I want to ask a question about mathematical economics. When I read an article about economics, I see lots of mathematical equations. I can solve them without any help. But I can't create my own ...
5
votes
2answers
116 views

Proof Based Math Education in Economics

One of the things I've experienced as a graduate student is really the lack of math being a main factor in holding me back from approaching more advanced materials in microeconomics and macroeconomics....
5
votes
1answer
459 views

Economics: inductive or deductive? Verificationism or falsificationism?

Question 1: Are economic theories and models developed using induction or deduction? My view: If we gather historical evidence and figure "so, people tend to be like this and that so let's call this ...
5
votes
2answers
277 views

Foundational equations or concepts of Finance

For the other sciences it´s easy to point to the most important equations, inequalities, propositions or concepts that ground the discipline. If I want to explain Finance to a physicist say, what are ...
4
votes
2answers
908 views

Math basics for Macro&Micro economics and econometrics

I have just been admitted to a graduate school for studies in economics and I major in public administration during my undergraduate time. I have learnt linear algebra, single variable calculus, ...
4
votes
2answers
294 views

Preparation for the rigors of an economics graduate programme

I realize now that my undergraduate program is not nearly as rigorous as it should be - it required almost no math to complete. This is concerning because I've been accepted into a decent (top 30) PhD ...
4
votes
1answer
72 views

Soft Question: Economic measurement in a post-industrial economy

I have a colleague who is a mathematician by training and currently works in Risk Analysis. He has issues with current Economic theory and I have debated him over coffee a couple of times. One ...
4
votes
2answers
117 views

Sending your paper around in Economics

As a PhD student I made a few connections over the course of time with professors from around Europe (had brief chats with them at conferences, invited them at conferences, etc..). Some explicitly ...
4
votes
1answer
159 views

Where does the Euler equation get its name from?

The Euler equation, specifying the dynamical constraint for optimality of an intertemporal optimization problem, is widely used in modern economics. But where does it get its name from? What did Euler ...
4
votes
2answers
98 views

What are the correct utility functions?

It is common to talk about utility functions. For example in a universe with only two goods, we might assume each person (or group of people) carries a function $u(x,y)$ in their heads. When offered ...
3
votes
4answers
215 views

Why is so much of macroeconomic theory dedicated to economic growth?

I'm an economics PhD student and throughout my macroeconomics education I've found the topic of economic growth always being discussed at great length. From an Naive perspective id expect that one of ...
3
votes
1answer
234 views

Why is it called Bayesian Persuasion?

I'm sure most of you are familiar with the paper titled "Bayesian Persuasion" by Kamenica and Gentzkow (2011), (you can find it here). I was wondering what are your thoughts as to why it is called "...
3
votes
1answer
113 views

Are simultaneous equation models out of fashion? Why?

According to Angrist & Pischke "Undergraduate econometrics instruction: Through our classes, darkly" (2017) Tables 2 and 3, econometrics textbooks deemphasized simultaneous equation ...
3
votes
1answer
335 views

What is a what is meant by a “workhorse” macroeconomic model

A number of times ive seen the Neoclassical Growth Model and Overlapping Generation Model setups referred to as a "workhorse of modern macroeconomics". What does this mean exactly?
3
votes
2answers
34 views

Conference venues

Most of the conferences I've learned about essentially by word of mouth. Is there any website listing prominent economics conferences? I'm interested in Economic Theory conferences mostly, but feel ...
3
votes
2answers
1k views

Certifications for economists

Are there certifications or professional designations that are specifically geared for economists? i.e much like the CPA and CA exists for accountants.
3
votes
1answer
34 views

Gamification and incentives

Is there any (theoretical?) work on "gamification" in game theory? I do not have a proper definition of gamification, but StackExchange would be an example. Contributers like us provide a ...
3
votes
0answers
34 views

Software used for solving demands of different functions

I'm currently doing some research on demand systems and have been experimenting with different underlying utility functions which will generate different systems of demands. However I've been doing ...
3
votes
0answers
92 views

Open Foundational Problems in Mathematical Economics

What are some open problems in mathematical economics which are treated as if they have been solved in economics papers? As an example, one of my teachers has previously pointed out to me that there ...
2
votes
1answer
318 views

Is it necessary to ask permission before including someone in the acknowledgements of a economic research paper?

Do I need permission to thank someone, even if I said “all mistakes are our own”? Do I have to make sure that the person being thanked must read the paper, or, it is fine if he just discussed about ...
2
votes
3answers
196 views

Which area of Economics involves heavy mathematics and also appears to be directly helping the people?

The thing is that I am writing a scholarship essay and one of the questions asks me to list my career goals and suggests as to how would the college where I am applying for the scholarship to would ...
2
votes
1answer
261 views

Resources to improve my economic intuition

I am trying to improve my economic logic skills and ability to think about day-to-day issues in the systematic way economics and decisions science approaches scarcity or optimization. A simple ...
2
votes
1answer
42 views

What are some good Phd or research programs for Economic History / Economic Thought History?

Please correct me if I am wrong, but my impression is that most "mainstream" economics programs are now focusing less and less on economic thought history. So, in order to do research on ...
2
votes
1answer
44 views

Is there a “name” for price leadership oligopoly?

Oligopoly equilibrium in the static setup consists of cournout equilibrium and bertrand equilibrium (Nash Equilibria)while in sequential games we have stackelberg equilibrium and price leadership ...
2
votes
1answer
273 views

Technical Analysts and Econometricians: A Question on Methods

I've been reading the book Technical Analysis Explained by Martin J. Pring as a result of a conversation with one of my friends who said he did technical analysis but didn't apply the types of models ...
2
votes
1answer
35 views

Publishing in conferences and then journals

In economics, it is very common for researchers to submit papers to conferences before submitting their papers to journals. Are there any cases in which submitting a paper to a conference makes ...
2
votes
1answer
124 views

What properties does a stable economy possess?

Given the large amount of commentary on the state of the economy, I've found that most of the time the theme of the articles are always that there is something wrong/ abnormal with regards to the ...
2
votes
0answers
79 views

In Economics, how likely is a R&R paper be finally accepted in a top field journal or top 5 journal? [closed]

Based on reliable data (if there is any), how likely is a R&R be finally accepted approximately? Here is some numbers I found: According to an anonymous comment, the post RR acceptance rate for ...
2
votes
0answers
45 views

Federal Reserve Leveraging of COVID-19 Fund

Reading an article in The New York Times about the COVID-19 stimulus bill, I stumbled on this detail the Fed can take a limited amount of funds and deploy them widely: The central bank only needs ...
2
votes
0answers
51 views

Are there really only two main macroeconomic models?

I was told that there are really two broad categories of economic models in macroeconomics. These Being: 1)Neoclassical Growth Models 2)Overlapping Generations Models All other models that exist are ...
2
votes
0answers
81 views

How would I assess Pesaran's «Time Series and Panel Data Econometrics»?

Has anyone ever read the book «Time Series and Panel Data Econometrics» by M. Hashem Pesaran? I'm trying to find a hardcopy near me, but I can't find it anywhere, even in libraries near where I live. ...
1
vote
1answer
69 views

Can I rename a utility function based on its properties?

A big name researcher gives a name to a specific utility function 30 years ago. Now I am writing a paper and feel that a new name might be more suited because of the properties associated with the ...
1
vote
2answers
52 views

What is the Thomson Reuters tool that is used in universities? [closed]

I'm not an economics major but when I go to the library of the economics department I see that computers have access to something that is related to Thomson Reuters. given that I'm interested in ...
1
vote
4answers
321 views

What is economics?

It has been disturbing me since the first year of college that the meaning of economic is express too much as it is too less. "Study of scarcity, utilize the limited resources to satisfy unlimited ...
1
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2answers
99 views

Reading list for physics undergrad who'd like to cover the economics related to the hedge fund/ private equity field

I have had relatively little exposure to economics( nothing more than EC101) and would greatly appreciate help in answering the following questions: Which sections of economics are more or less ...
1
vote
1answer
77 views

Why is Ricardian Equivalence Important?

Ricardian equivalence is a result regarding the ineffectiveness of government due to consumption smoothing behavior of consumers. A primary reason why it fails is due to population turnover (i.e ...
1
vote
2answers
168 views

what are some unique features of heterodox economics?

I've been reading up a bit on heterodox economics as well as watched some of the lectures online and quite frankly, I'm having a hard time figuring out whats are the unique features of this school of ...