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What We Know About The Global Financial Crisis Is That We Don't Know Very Much.

Econometrics May Be Defined As The Quantitative Analysis Of Actual Economic Phenomena Based On The Concurrent Development Of Theory And Observation, Related By Appropriate Methods Of Inference.

For Better Or Worse, Us Keynesianism Was So Far Ahead Of Where It Started. I Am A Cafeteria Keynesian. You Know What A Cafeteria Catholic Is?

Even Fans Of Actively Managed Funds Often Concede That Most Other Investors Would Be Better Off In Index Funds. But Buoyed By Abundant Self-confidence, These Folks Aren't About To Give Up On Actively Managed Funds Themselves. A Tad Delusional? I Think So. Picking The Best-performing Funds Is 'like Trying To Predict The Dice Before You Roll Them Down The Craps Table,' Says An Investment Adviser In Boca Raton, Fl. 'i Can't Do It. The Public Can't Do It.'

In This Age Of Specialization, I Sometimes Think Of Myself As The Last 'generalist' In Economics, With Interests That Range From Mathematical Economics Down To Current Financial Journalism. My Real Interests Are Research And Teaching.