{"id":2491,"date":"2013-07-31T23:01:37","date_gmt":"2013-08-01T04:01:37","guid":{"rendered":"This past April, the economics podcast <em>Planet Money<\/em> released an episode titled \"How Much Should We Trust Economics?\" \u00a0The episode focuses on a significant economic theory that was challenged (by university students!) because of mathematical error"},"modified":"2013-08-19T01:36:22","modified_gmt":"2013-08-19T06:36:22","slug":"can-we-trust-economics","status":"publish","type":"page","link":"https:\/\/blogs.acu.edu\/cornerstonef13\/spotlight-schedule\/perspectives-from-social-science\/can-we-trust-economics\/","title":{"rendered":"Can We Trust Economics?"},"content":{"rendered":"<p>This past April, the economics podcast <em>Planet Money<\/em> released an episode titled &#8220;How Much Should We Trust Economics?&#8221; \u00a0The episode focuses on a significant economic theory that was challenged (by university students!) because of mathematical errors in the statistical calculations. \u00a0Exploring this one incident leads to a series of interesting questions about the nature of economic research and its value for the wider world.<\/p>\n<p>You can listen to the podcast at the <a href=\"http:\/\/www.npr.org\/blogs\/money\/2013\/04\/19\/177999020\/episode-357-how-much-should-we-trust-economics\" target=\"_blank\">Planet Money website<\/a>.<\/p>\n<p><a href=\"http:\/\/blogs.acu.edu\/cornerstonef13\/files\/2013\/07\/planet-money-logo.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-2492 aligncenter\" src=\"http:\/\/blogs.acu.edu\/cornerstonef13\/files\/2013\/07\/planet-money-logo-490x275.jpg\" alt=\"planet money logo\" width=\"490\" height=\"275\" srcset=\"https:\/\/blogs.acu.edu\/cornerstonef13\/files\/2013\/07\/planet-money-logo-490x275.jpg 490w, https:\/\/blogs.acu.edu\/cornerstonef13\/files\/2013\/07\/planet-money-logo-300x168.jpg 300w, https:\/\/blogs.acu.edu\/cornerstonef13\/files\/2013\/07\/planet-money-logo.jpg 640w\" sizes=\"auto, (max-width: 490px) 100vw, 490px\" \/><\/a><\/p>\n<h3>Discussion Questions:<\/h3>\n<ol>\n<li><span style=\"line-height: 13px;\">The podcast specifically cites two economic studies that were later challenged as a result of mathematical errors. \u00a0The hosts imply this makes economics seem less scientific; one of the interviewees thinks exactly the opposite. \u00a0What do you think?\u00a0<\/span><\/li>\n<li>Economic research faces a data problem: unlike chemists, for example, economists cannot test their hypotheses by conducting experiments that isolate variables. \u00a0Does this mean economists are just offering speculations? \u00a0Why or why not?<\/li>\n<li>How does this podcast affect the way you think about the academic sources that you will be reading for your annotated bibliography assignment?<\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<h3><em>Join the Conversation<\/em><\/h3>\n<p>We welcome comments on this or other related topics on the main Spotlight page<\/p>\n<p>&nbsp;<\/p>\n<p><em>Return to\u00a0<a title=\"Exploring the Social Sciences\" href=\"http:\/\/blogs.acu.edu\/cornerstonef13\/spotlight-schedule\/perspectives-from-social-science\/\">Stephen Baldridge&#8217;s Spotlight page<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This past April, the economics podcast Planet Money released an episode titled &#8220;How Much Should We Trust Economics?&#8221; \u00a0The episode focuses on a significant economic theory that was challenged (by university students!) because of mathematical errors in the statistical calculations. \u00a0Exploring this one incident leads to a series of interesting questions about the nature of [&hellip;]<\/p>\n","protected":false},"author":8023,"featured_media":0,"parent":1460,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"jetpack_post_was_ever_published":false,"footnotes":""},"class_list":["post-2491","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P3T2tB-Eb","_links":{"self":[{"href":"https:\/\/blogs.acu.edu\/cornerstonef13\/wp-json\/wp\/v2\/pages\/2491","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.acu.edu\/cornerstonef13\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/blogs.acu.edu\/cornerstonef13\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.acu.edu\/cornerstonef13\/wp-json\/wp\/v2\/users\/8023"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.acu.edu\/cornerstonef13\/wp-json\/wp\/v2\/comments?post=2491"}],"version-history":[{"count":8,"href":"https:\/\/blogs.acu.edu\/cornerstonef13\/wp-json\/wp\/v2\/pages\/2491\/revisions"}],"predecessor-version":[{"id":2886,"href":"https:\/\/blogs.acu.edu\/cornerstonef13\/wp-json\/wp\/v2\/pages\/2491\/revisions\/2886"}],"up":[{"embeddable":true,"href":"https:\/\/blogs.acu.edu\/cornerstonef13\/wp-json\/wp\/v2\/pages\/1460"}],"wp:attachment":[{"href":"https:\/\/blogs.acu.edu\/cornerstonef13\/wp-json\/wp\/v2\/media?parent=2491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}