Economist smackdown tomorrow? Fans of the book Freakonomics (I was an early cultist) may want to observe how its authors respond on their blog (which, by the way, is an excellent role-model blog for book authors) to an article in tomorrow’s Wall Street Journal (free) that focuses on an assertion of Christopher Foote, an economist at the Federal Reserve Bank of Boston. Foote and a research associate claim they’ve found a flaw in the model used by economist Steven Levitt to develop his theory regarding the cause of a significant drop in the nation’s crime rate.
Nothing like feuding economists to liven up a post-vacation Monday.
Update: Steven Levitt responds and promises more. Also, Steve Sailer comments below with more Levitt doubts.