"In 1951, just over 2 percent of the pages ... the American Economic Review, contained an equation."BTW, for those who think I only complain about sociology, the MacKenzie book is marvelous. It's a case study of the effect of academic economics on the economy (more specifically, on finance, or more specifically still, on the creation and operation of options markets).
Thursday, October 12, 2006
statistic of the day
From Donald MacKenzie's An Engine, Not a Camera: How Financial Models Shape Markets: