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In a recent column in Bloomberg, he calls for a new age of pluralism in economics: An appeal to pluralism like this is usually a sign that the appellant’s ideas are probably not particularly helpful.

If you have a good idea, it won’t need affirmative action to get a hearing.

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High-tech methods and approaches will be valued only if they can be described in simple, direct ways.

Economists are not held back because of a deficiency of mathematical tools and techniques.

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The fact that it’s difficult to understand something does not mean that it is important to pay attention to it.

Eric Weinstein might be perfectly well-intentioned but if he thinks that because he knows some fancy mathematics, economists are obligated to grant credence to his work, he is sorely mistaken.

True, new ideas and techniques are often met with hostility from the establishment but the reason to listen isn’t that the ideas come from outside the field.

The reason to listen (if there is one) is that the ideas are good.

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A student with a mathematical-physics background could easily convince himself that he has superior mathematics abilities than typical economists and superior statistical and computational skills than most economists.[1] He might go on to conclude that, as a consequence of his superior mathematical and computational abilities, he should be able to enter economics and start contributing quickly and easily.


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