Debt and Growth: a story of Excel coding errors leading to unemployment?

Perhaps in the near future my colleagues who are economists will have to buy malpractice insurance…
a good summary of what’s going on with the Reinhart and Rogoff paper can be found over at FT, here.

And here is my colleague Tyler Cowen’s view.

From the standpoint of data analysis and science though, there is an important case to be made here for publishing your data along with your conclusions…

"The Rain in Spain"….FT’s Gideon Rachman on the crisis of the European Project

Gideon Rachman is one of the FT’s very best. Here’s his latest report from Spain–it’s not pretty. In the late eighties and early nineties Spain was brimming with the kind of optimism that produced a generation of extremely bright scientists…many came to the States for training at the NIH, but then returned to the mother country, believing in both the European Project and endless possibilities for innovation. I saw this excellence first hand, in Madrid, Salamanca, Alicante and Barcelona…

Sustained progress in science however requires economic stability in addition to a long term view from political leaders….

That’s a lesson that could well be learned in other places too.

Pesky predatory journals…

Gina Kolata’s excellent NYT piece on the recent phenomenon of being spammed by ersatz scientific organizations and the like is here. As the editor of a 100+ year old scientific journal and as a scientist, these attempts to scam really get me steamed up…particularly when they go after more junior folks coming up through the ranks.