The 2008 Crisis demonstrated the need for more diverse approaches to math and economics. Using mathematical physics, and modern dynamical systems theory, we can reach beyond the traditional models ubiquitous in business schools and economics departments today.
Math & Statistics
-
Working Paper Series
Citation Patterns in Economics and Beyond
Nov 2018
Assessing the Peculiarities of Economics from Two Scientometric Perspectives
-
On Arrest Filters and Empirical Inferences
Jul 14, 2016
I’ve been thinking a bit more about Roland Fryer’s working paper on police use of force, prompted by this thread by Europile and excellent posts by Michelle Phelps and Ezekeil Kweku.
-
INET Research in a Year of Living Dangerously
Dec 29, 2016
Notes from the Institute’s Director of Research on some significant papers and contributions produced in 2016 under the INET rubric
-
Police Shootings, Economics, and Empirics
Jul 19, 2016
In the past month, analysts from all disciplines have tried to make sense out of shooting deaths of blacks by police and also ambush attacks of police.
-
The Scientific Limits of Understanding Complex Social Phenomena
Dec 17, 2015
Since Aristotle the question about the potential relationship between economic inequality and democratic changes has been studied and debated – but scientifically our ability as researchers to assess and understand how such complex social phenomena may be related is much more limited than recognised.
-
Conference paper
Mathematical Formalism and Political-Economic Content
Apr 2010
Human economic interactions spontaneously express themselves in the quantitative form of prices and transactions quantities. Thismakes it difficult to avoid quantitative reasoning in political-economic research altogether
-
Conference paper
Really Reorienting Modern Economics
Apr 2010
Modern economics can benefit significantly both from a radical reorientation at the level of method, as well as from a greater input from appropriate branches of philosophy.
-
Mathematical Models: Rigorously Testable, Qualitative Metaphors, or Simply an Entry Barrier
Apr 9, 2010 | 06:30—08:05
-
Conference paper
On the Role of Theory and Evidence in Macroeconomics
Apr 2010
This paper, which is prepared for the Inagural Conference of the Institute for New Economic Thinking in King’s College, Cambridge, 8-11 April 2010, questions the preeminence of theory over empirics in economics and argues that empirical econometrics needs to be given a more important and independent role in economic analysis, not only to have some confidence in the soundness of our empirical inferences, but to uncover empirical regularities that can serve as a basis for new economic thinking.
-
Conference paper
How Empirical Evidence Does or Does Not Influence Economic Thinking and Theory
Apr 2010
This paper asks, how empirical evidence does or does not influence economic thinking and theory. In particular, which role do calibration, statistical inference, and structural change play?
-
How Empirical Evidence Does or Does Not Influence Economic Thinking and Theory: Calibration, Statistical Inference, and Structural Change
Apr 9, 2010 | 04:05—06:10
-
Years granted:
2015
The Epistemological and Statistical Limits of the Economic Sciences in Identifying Causalities
This research project explores the underlying limits—especially of the social and economic sciences—in identifying causalities including, among other aspects, the strong epistemological and statistical limitations of and assumptions behind the methods applied.
-
Years granted:
2014, 2015, 2016
High-Dimensional Statistics for Macroeconomic Forecasting
This project brings new mathematical tools and ideas from high-dimensional statistics to bear on the problem of creating reliable macroeconomic forecasting models.
-
Years granted:
2013, 2014, 2015
Modeling Minsky's Financial Instability Hypothesis - A Dynamical Systems Approach
This research project improves the mathematical capabilities of non-Neoclassical economics and uses modern techniques from nonlinear dynamical systems to model the expansion and contraction of credit and its effect on real economic output and asset prices.