Bart J. Wilson

Another way to characterize their forward-looking argument is that prices aren’t just signals. They’re symbols, loaded with meaning, not mere correlations. They are the product of how we interpret and imagine the future.

“But although it is easy to fit any given segment of the past neatly and intelligibly into the patterns of world history, contemporaries are never able to see their own place in the patterns.” ~The Glass Bead Game

What the article implies but doesn’t say is that we need to be more mindful about using LLMs virtuously in our science.

I get the tool comparison, but the old anti-calculator arguments—like making people over-reliant, giving a false sense of skill, reducing understanding, and hiding mistakes—apply even more to LLMs. Using LLMs demands discernment and responsibility that calculators never did.

It was a great conference. Good bye and thanks for all the fish!

The only conference at which you will hear economists’ say, “I want to change your interpretation of X as Y.”

#hes2025, 29 June, Plenary 2, "Re-Classicalizing the Principles of Economics" delivered by Bart Wilson.

I'm really looking forward to this conference. The history of economics is a dialogue with human minds from the past, a way to learn about the assumptions we didn't know we were making, and an opportunity to see differently.