This fall I’m teaching two sections of econometrics (ECON 385) and, while it’s fun, there’s a lot of power in econometrics for good or ill. Econometrics can be used honestly to study and understand the material world (my favorite use) or dishonestly to advance the agendas of corrupt politicians, executives and others. At one point the practice of econometrics got so bad that a leading practitioner wrote an article, “Let’s Take the Con Out of Econometrics.” That’s the agenda this fall — no con job, just deliberately seeking the best that econometrics has to offer.

Econometrics