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Friday, June 07, 2013

The Unbearable Lightness of Being Right

Listening to the truly shocking Luigi Gambardella at the European Parliament on Tuesday, and the Commissioner's evidence-avoiding claims of 'Big Data Explosions' (see my embedded comments) - that are not true - puts me in sympathy with Krugman's literary-inspired cri-de-ceour:
"Overall, it’s hard to think of any previous episode in in the history of economic thought in which we had as thorough a showdown between opposing views, and as thorough a collapse, practical and intellectual, of one side of the argument. And yet nothing changes. Not only don’t the policies change; by and large even the people don’t change... the lack of accountability, for ideas and people, is truly remarkable in a time of massive policy failure." 'via Blog this'

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