Good Review

Frank Diebold, on Mostly Harmless Econometrics:

All told, Mostly Harmless Econometrics: An Empiricist's Companion is neither "mostly harmless" nor an "empiricist's companion." Rather, it's a companion for a highly-specialized grouping of applied non-structural micro-econometricians hoping to gauge causal effects using non-experimental information together with largely-static, linear, regression-based methods. It's a new handling of that sub-sub-sub-area of applied econometrics, only pretending to last anything to a greater extent than is nigh definitely harmful, peculiarly to students, who convey no fashion to recognize the charade every bit a charade.

Disclaimer, I haven't read the book. The  quote does summarize feelings I convey had inwards many seminars involving divergence inwards divergence inwards divergence regressions amongst 100 fixed effects together with controls. But to a greater extent than oft than non I postal service it every bit a lovely quote.

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