9 November 2011
Misplaced faith
From Roger Taylor
Emanuel Derman's discussion of the perils of economic modelling was splendid and timely (22 October, p 32) . But a "dark love of inappropriate scientific elegance and scientism" is not just a worm at the heart of economics; it has chewed away the brains of the gullible politicians and lazy journalists who blithely accept the …
