Why Faster Is Sometimes Better, But Not Always

6815Mises Daily Monday by Jonathan Newman:

We see that contemporary mainstream economics is in a holding pattern. With no new math problems, the economists have resorted to timing their computers’ efforts to solve the existing math problems… Meanwhile, from my seat in the research wing of the Mises Institute, I’m close to some interesting and — in terms of a connection to real, human market actors — relevant work in economics.

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