April 8th, 2011

C.J. MALONEY: The Trouble With Economic Statistics


"If central bankers threw out all the data that was poorly measured, there would be very little information left on which to base their decisions."

- A former research director at the Fed, quoted by Bloomberg's Caroline Baum

It all started in Germany and was called the Methodenstreit (the clash over methods), an intellectual war over how the study of economics would be conducted - either by the logical deductive reasoning embodied by the "Austrian" school or by the mathematical methods embodied by those leading lights of the positivist German Historical School, such as Professor Gustav von Schmoller. The war ended in a complete victory for the latter and now, a century and a half on, the mathematical methods championed by Schmoller have swept the globe.

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AMY H. STURGIS: 2011 Prometheus Awards finalists


The Libertarian Futurist Society has selected the finalists for the Prometheus Awards, which honor science fiction that promotes an appreciation of the value of liberty.

2011 Novel Award Finalists
* For the Win by Cory Doctorow (TOR Books)
* Darkship Thieves by Sarah Hoyt (Baen Books)
* The Last Trumpet Project by Kevin MacArdry (lasttrumpetproject.com)
* Live Free or Die by John Ringo (Baen Books)
* Ceres by L. Neil Smith (Big Head Press: also published online at bigheadpress.com)

Read descriptions of the novels here.

2011 Hall of Fame Award Finalists
* "The Machine Stops" by E. M. Forster (1909)
* "As Easy as A.B.C." by Rudyard Kipling (1912)
* Animal Farm by George Orwell (1945)
* "'Repent, Harlequin!' Said the Ticktockman" by Harlan Ellison (1965)
* Falling Free by Lois McMaster Bujold (1988)

Read descriptions of these works here.