Assar Lindbeck, economist, 1930–2020
Assar Lindbeck, IFN, passed away on August 28th. Carl Hamilton writes his Obituary in the Financial Times:
"He had strong views on how economists should practise their craft and obtained inspiration from real world problems. Mathematical models could be useful, he believed, but only to serve and support the study of “real life”. Economists should not select economic problems because they suited a particular mathematical model. He wisely warned that such economists risked becoming “brilliant fools”."