Home > Uncategorized > Economics departments need to install smoke detectors …

Economics departments need to install smoke detectors …

from Lars Syll

Balliol Croft, Cambridge
27. ii. 06
My dear Bowley …

marshallI know I had a growing feeling in the later years of my work at the subject that a good mathematical theorem dealing with economic hypotheses was very unlikely to be good economics: and I went more and more on the rules — (1) Use mathematics as a short-hand language, rather than as an engine of inquiry. (2) Keep to them till you have done. (3) Translate into English. (4) Then illustrate by examples that are important in real life. (5) Burn the mathematics. (6) If you can’t succeed in 4, burn 3. This last I did often …

Your emptyhandedly,

Alfred Marshall

There ought to be an enormous amount of burning going on at economics departments today. The market for smoke detectors must be peaking …

  1. louisperetzperetz
    October 7, 2016 at 2:39 pm

    Of course, the smoke detector is vain if there is nobody nearly to hear it.

  2. originalsandwichman
    October 7, 2016 at 5:02 pm

    A bullshit detector would be unbearable.

  3. April 15, 2017 at 6:21 pm

    Economics departments need to have the best smoke detectors in this case.

  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.