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Quote of the Day

He who seeks for methods without having a definite problem in mind seeks for the most part in vain.

David Hilbert

Quote Of The Day

Infinity, bitches

So you think you know what is infinity? Or understand it. Well, I thought so too.

Until I came across this.

Watch this, and you will be proved wrong. 251 more words

David Hilbert

David Hilbert, mathematician (1862-1943)
‘We must know. We will know.’
And we will – through mysticism!

Godel (1906-78) demonstrated that certain forms of knowledge (such as axiomatic mathematical models) which depend on a closed system of referents cannot be proved without involving information from outside that system. 112 more words

Mysticism

Another Complaint about Modern Macroeconomics

In discussing modern macroeconomics, I’ve have often mentioned my discomfort with a narrow view of microfoundations, but I haven’t commented very much on another disturbing feature of modern macro: the requirement that theoretical models be spelled out fully in axiomatic form. 3,823 more words

Macroeconomics