The Conservative Bias of Economic Models

Chris House has an interesting post on why economists tend to be more conservative than academics in other fields. His argument is that many economic facts have a conservative bias (e.g. when you look for evidence on politically loaded questions such as the effects of the minimum wage or high taxes). Noah Smith replies and […] View the full post at: The Conservative Bias of Economic Models Related posts: Measuring the Impact of the Stimulus Package with Economic Models Macroeconomic Models Are Macroeconomic Models Useful?