Hoovervile are homeless encampments named after Herber Hoover, where homeless people band together after loosing jobs in the Great Depression.

<> Hux

me

house price prediction is a classical machine learning framing problem.

collect data: use a single property (“feature”)—size of the house, in square feet; to learn is the output—price

A reading: (Krugman 2009)

Reflection

The discussion here of the conflict between “saltwater” and “freshwater” (Keynesian and Neoclassical) economists is very interesting when evaluated from the perspective of our recent impending recession.

One particular statement that resonated with me in the essay was the fact that a crisis simply “pushed the freshwater economists into further absurdity.” It is interesting to see that, once a theory has been well-established and insulated in a community, it becomes much more difficult to parcel out as something that could be wrong.