Great read! I wish I knew more about physics and chemistry, though.

Still point taken: stay away from beef.

Whatever you use, stay away from econometrics. Regression should be taught by statisticians.

This was the book that made regression enjoyable for me: sites.stat.columbia.edu/gelman/arm/ Regression and other stories is a modern version of that. But the first one was better.

All that led to a catastroph and they u-turned to high interest rates and monetary austerity. The result is overvalued lira, fall in real wages, highly uncertain climate. Yet: they still build roads.

5. The Survivors - those who’ve figured out how to game the system just enough to get a good permanent job and never cares about anything any longer.

The list is not exhaustive.

4. Intellectuals - The beautifully obsessed ones, still chasing that one Big Idea that will revolutionize everything. Some get Nobel eventually.

3. Poseurs - Masters of academic kabuki theater. They know who to friend with, and who to co-author. lots of networking at the moment right conferences.

2. Teachers - the beloved professors students remember decades later and the ones who’ve been teaching the same notes since the 1990s.

Precisely. misplaced and too much emphasis on identification has created a crisis of relevance in applied economics, as well.

What these books have common is that they are unnecessarily too long. 2/3th of piketty book should only be in the research papers, only to the interest of experts.

Arthur Lewis’s Evolution of International Economic Order best describes this issue; there were times when exchange rates were favorable for the South, yet domestic elites were the problem.