The Great Debate

Should economists be “imagineers” of our future?

By Mark Thoma
November 14, 2011

By Mark Thoma
The opinions expressed are his own.

This essay is a response to Roger Martin’s “The limits of the scientific method in economics and the world” (part one and part two), recently published on Retuers.com.

The limits of the scientific method in economics and the world

By Roger Martin
November 11, 2011

By Roger Martin
The opinions expressed are his own.

Part one of this essay was published Thursday. This is part two.

As the power of the scientific method has encroached further than its applicability warrants into fields such as economics and business, its predictions of the future become ever more erroneous. In this list, we can include virtually every economic prognostication from the first half of 2008, and countless market research studies that misjudge consumer interest in the new product concepts that they test.

The limits of the scientific method in economics and the world

By Roger Martin
November 10, 2011

By Roger Martin
The opinions expressed are his own.

This is part one of this essay. Read part two here.

As the economy teeters and the capital markets gyrate, I can’t get out of my mind the evening of May 19, 2009.  We were near the stock market nadir and fears were cresting that we were heading straight into the next Great Depression. I was invited to a dinner along with half a dozen tables of guests to hear a very prominent macroeconomist opine on the state of the economy and the path to recovery.

from The Great Debate UK:

Banks get mixed reviews from institutional shareholders

July 14, 2009

Brendan Woods- Brendan Wood is Chairman of Brendan Wood International, a global intelligence advisory firm. Recently, BWI published the World’s TopGun CEOs as ranked by 2500 institutional investors, which provides insight into the executives in whom shareholders feel the greatest confidence. The opinions expressed are his own. -