Good post for graduate students in economics. Interesting to note that R is almost 500 to 700 times slower than C++ whereas Matlab is only 9 to 11 times slower than C++.
Keynes once famously said of the desired qualities for a top economist:
The master-economist must possess a rare combination of gifts …. He must be mathematician, historian, statesman, philosopher — in some degree. He must understand symbols and speak in words. He must contemplate the particular, in terms of the general, and touch abstract and concrete in the same flight of thought. He must study the present in the light of the past for the purposes of the future. No part of man’s nature or his institutions must be entirely outside his regard. He must be purposeful and disinterested in a simultaneous mood, as aloof and incorruptible as an artist, yet sometimes as near to earth as a politician.”
We did not have computers then otherwise he would have added computer programmer to the list as well! Moreover, his quote anyways talks about things like abstract, flight of thought etc..which programmers do have…
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