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 guess 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 survive anything to a greater extent than is nigh definitely harmful, especially to students, who convey no manner to recognize the charade equally a charade.Disclaimer, I haven't read the book. The quote does summarize feelings I convey had inward many seminars involving departure inward departure inward departure regressions alongside 100 fixed effects together with controls. But by together with large I postal service it equally a lovely quote.
