friendly reminder, that economics is not a science
It's a Social Science and no one says otherwise. This is always harped on by commies because research doesn't swing in their favor.
2023 Nobel Prize in economics awarded to Claudia Goldin
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Re: 2023 Nobel Prize in economics awarded to Claudia Goldin
#112[flagged]
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Most of econ is still by far more scientific than sociology, psychology, other various humanities and maybe even climate science.
Okay, a Swedish institute once a year awards less money than an average startup gets at a Series A. Is it really such a disgrace compared to what’s actually going on in academia every day?
Re: 2023 Nobel Prize in economics awarded to Claudia Goldin
#113Earlier quoted context omitted.
What aspects of the economic studies makes it a pseudoscience? Highly empirical, sure, but so does modern machine learning.
economists proudly ignore real world data. They care about their models, even when they are obviously wrong. Milton Friedman said "Truly important and significant hypotheses will be found to have 'assumptions' that are wildly inaccurate descriptive representations of reality, and, in general, the more significant the theory, the more unrealistic the assumptions."
This is a projection. Economics has done better to improve reproducibility of research over several decades than any other social science.
Re: 2023 Nobel Prize in economics awarded to Claudia Goldin
#114Earlier quoted context omitted.
No, a newly named award shouldn't really have any existing clout associated with it, and can make it's own reputation. The Turing award is not treated like a nobel prize by pretty much anyone, though it is respected. Economics decided that kind of thing, say a "Smith award" wouldn't get them enough clout, so better to abuse a brand name for it's value. How classic.
Im sorry but to a normal person the Fields medal or Turing award is treated the exact same as the Nobel prize in whatever discipline.
Are you sure? How many normal people even know the Fields medal or Turing award even exists?
Re: 2023 Nobel Prize in economics awarded to Claudia Goldin
#115Earlier quoted context omitted.
I'm sure it feels intuitive when you have the answer but I am slightly surprised since women working in factories (and for lower wages) was a major issue at least from the 19th century.
Without reading into the claim I’m pretty sure it’s driven by the growth of the white collar middle class. whatever growth there was in women working in factories, it was surely less than the fall in women working on farms.
Yup. And work on even a small one-family farm (which all small farmers of all genders would be doing) counts as real work, because the products of that work are sold on the market.
But fast forward on some decades, and housewives working strictly in the home doing domestic labor of rearing and feeding the family and managing the household doesn't count as economic labor because none of the results of that labor are actually being sold on the market. Yes, it's enabling the husband to be more economically productive by not having to worry about that stuff, but that's a second-order effect.
Re: 2023 Nobel Prize in economics awarded to Claudia Goldin
#116Earlier quoted context omitted.
Perhaps worthwhile to point out in this context, her work was exaggerated by others, not by herself.
The quotes from her article suggest otherwise. Claudia Goldin and Cecilia Rouse: > Although some of our estimates have large standard errors and there is one persistent effect in the opposite direction, the weight of the evidence suggests that the blind audition procedure fostered impartiality in hiring and increased the proportion women in symphony orchestras. > … > The weight of the evidence, however, is what we fi…
To be fair, Gelman is pretty clear throughout that, in 2000, everyone was doing this.
Re: 2023 Nobel Prize in economics awarded to Claudia Goldin
#117friendly reminder, that economics is not a science
It's a Social Science and no one says otherwise. This is always harped on by commies because research doesn't swing in their favor.
It has the same problem as other social sciences in that often the experiments are set up in ways that just so happen to prove the ideological biases of the researchers. It also happens that the researchers who are awarded the most prestige and airtime are sympathetic if not outright fanatics of the prevailing order.
Re: 2023 Nobel Prize in economics awarded to Claudia Goldin
#118She wrote a paper on blind auditions, this gained a lot of media attention, but as a lot of her work it was quite exaggerated see e.g [0] [0] https://statmodeling.stat.columbia.edu/2019/05/11/did-blind-...
Perhaps worthwhile to point out in this context, her work was exaggerated by others, not by herself.
This is incredibly common due to multiple levels of media hype. I got interviewed by someone from university PR for a series on what different grad students were working on during my PhD. We had a 30 minute phone call and the result a week later was an article that I was allowed to edit before release. The article was conveyed the most ambitious possible take of my research agenda and had a rather forced narrative relating it to the department beer league softball team I played on for a single season at that point. I could have rewrote the whole thing but it wasn’t factually wrong and I had neither the time nor care to do so.
This didn’t happen to me, but these university press releases then get picked up by science journalists who, maybe with an additional interview, build off it for their own article and hype up the work and narrative even more. It’s like a game of hype telephone.
Re: 2023 Nobel Prize in economics awarded to Claudia Goldin
#119Earlier quoted context omitted.
Without reading into the claim I’m pretty sure it’s driven by the growth of the white collar middle class. whatever growth there was in women working in factories, it was surely less than the fall in women working on farms.
Yup. And work on even a small one-family farm (which all small farmers of all genders would be doing) counts as real work, because the products of that work are sold on the market. But fast forward on some decades, and housewives working strictly in the home doing domestic labor of rearing and feeding the family and managing the household doesn't count as economic labor because none of the results of that labor are a…
I also recall reading that, in the agrarian Middle Ages, women in farming communities (though also men and children to a lesser degree) did things like spin cloth to sell during the winter when there wasn’t much work to do on the farm to bolster family income during the slow season.
As those “side gigs” moved to factory production (for cloth production that happened very early), I wouldn’t be surprised if families stopped participating due to it not being economically feasible.
Re: 2023 Nobel Prize in economics awarded to Claudia Goldin
#120I'm pumped! She's cool - congrats to her!