What's Wrong With American Business Culture And The Economy?

[MadImmortalMan]

The current most powerful tool in economics is Paul Krugman.

[fhdz]

The most powerful tool in economics is regression analysis, which a spreadsheet can't handle.

Not to mention the fact that people, who make economic decisions, are not always (perhaps rarely) rational actors.

(Although some prominent economist once made the quip that the most useful tool in economics is long division.)

Funny.

[fhdz]

The current most powerful tool in economics is Paul Krugman.

[The Minsky Moment]

The most powerful tool in economics is regression analysis, which a spreadsheet can't handle.

(Although some prominent economist once made the quip that the most useful tool in economics is long division.)

You can run regressions in Excel, but the functionality is pretty limited compared to packages like Stata.
Some of the empirical econ guys would say natural experiments are more powerful than regressions.

[Ideologue]

The current most powerful tool in economics is Paul Krugman.

[Razgovory]

I thought Fahdiz was going to demonstrate something using a spreadsheet and then prove it wrong using other evidence.