Tag Archives: Statistics

Positivism, Statistics and Questionable Accuracy

Posted on January 9, 2010 by Jonathan Finegold Catalán

Scholars who rely on empiricism should take more time to review the accuracy of their statistics, otherwise they risk spreading false information, and as a result false conclusions. This could lead to severely damaging effects on general economic thought and theory. Continue reading →

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Truth Behind Unemployment

Posted on December 7, 2009 by Jonathan Finegold Catalán

“Good news” from the Obama administration.  Unemployment fell from 10.2% to 10%!  According to the Wall Street Journal, unemployment fell despite the fact that there was a net loss of eleven thousand (11,000) jobs in November.  Only in modern, mainstream … Continue reading →

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Don’t Be Fooled by GDP

Posted on November 25, 2009 by Jonathan Finegold Catalán

Third-quarter data for 2009 is misleading, because most of the growth in GDP is only temporary and will cost us the same, or more, in the near future. Economic prognostics should not be based on GDP data, but on sound economic theory. Continue reading →

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