Bob Murphy Show

Ep. 459 Chicago-Trained Alberto Bisin Defends the Use of Mathematics in Economics


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Bob has a delightful discussion with one of his NYU professors on the recent controversy regarding the use of math in economics.

Mentioned in the Episode and Other Links of Interest:

  • The YouTube version of this interview.
  • Paul Romer's critique of "mathiness" in the theory of economic growth.
  • Bob's doctoral dissertation, with mathematical appendix showing the problems with assuming the real rate of interest equals the marginal product of capital. (The punchline is equation [4] on page 190.)
  • The link for this episode’s sponsor, Monetary Metals.
  • Help support the Bob Murphy Show.

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