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Morgan's close examination of how economists construct and use models elucidates both economics and scientific modeling.
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But Nicholas Bloom, a Stanford University professor, said that judging by the political uncertainty index that he and fellow economists constructed, "no one is putting much weight in his [Trump's] winning".
One gets the sense, at least from the outside, that the intellectual energy is no longer with the economists who construct abstract and elaborate models.
He was the first economist to construct index numbers, and he had a tremendous influence on the development of empirical methods and the use of statistics and econometrics in the social sciences.
Economists had constructed models that showed markets were always rational and self-correcting.
Through ever-finer precision in measurement and mathematics, economists have constructed a wholly separate and artificial reality.
In order to assess how much economic progress it has undone, The Economist has constructed a measure of lost time for hard-hit countries.
Komatsu of Japan has just won an order for 44 "super-large dump trucks" from China's biggest coal miner.The Economist has constructed a "Sinodependency index", comprising 22 members of America's S&P 500 stockmarket index with a high proportion of revenues in China.
In the absence of a general theory of stupidity, economists have been unable to construct a unified, compelling alternative to the rational optimization framework.
Suppose that Congress appropriated a modest chunk of money to have independent economists put together teams to construct alternative plans.
The economist Kenneth Arrow went so far as to construct a proof that no voting system could be reliably fair.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com