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1/3 Thanks for posting, Bruce, and thanks for offering an honest assessment of #Bookofwhy from the viewpoint of an enlightened economist. As you can probably guess, I am particularly interested in your comment: "His [Pearl] grasp of what economists, for example, understand ..
2/3 and don't understand about causal relationships is incomplete,". What is it that economists DO understand and that I assumed they DON'T? Has this part of "econ. understanding" been expressed formally in the econ. literature since Haavelmo and Cowell's Com.? Can economists
3/3 solve the toy problems posed to them here: ucla.in/2mhxKdO? I am genuinely trying to understand what they know that they are laboring to hide from us. E.g., Do they know which parameters can be identified by OLS? Which models have testable implications? etc. etc,...
