“The sheer hubris of many in the economics profession never ceases to amaze me. Take for instance a recent paper by Kartik Athreya of the Federal Reserve Bank of Richmond entitled ‘Economics is Hard. Don’t let Bloggers Tell You Otherwise’. In a move that is eerily reminiscent of the controversial talking Barbie of the early 1990s who fatefully uttered ‘Math class is tough’, Athreya’s short paper essentially lays out a quite staggering claim — that economics should be left to those with a PhD in the subject!”
“The idea that what we need is more ‘worker bees’ gaining their PhD’s from conducting ‘angels on a pin head’ like work based on minor alterations to previous research makes me want to cry. Where were the warnings from the orthodox economics establishment ahead of the global financial crisis? Oh, that’s right there weren’t any.”
Try and find the PhD academic work on trend following.