The bar I set for a model is that it should yield answers we believe to questions that matter. For a model of growth, the two questions that matter most are ...
Tuesday, July 10, 2018
... a model ... should yield answers we believe to questions that matter
--- Paul Romer, in his 2015 blog post Speeding-up and Missed Opportunities: Evidence reflecting on the 25th anniversary of the publication of his paper "Endogenous Technological Change" (JPE 1990)
