Tag Archives: Econometrics

Witch Hunts and Economic Scapegoats

Economist Raymond Fisman examines the phenomenon of economic scapegoating, as illustrated through modern-day witch hunts in Tanzania.

And to think that Sarah Palin was blessed by a Christian witch-hunter. Hmmm, rather curious and somewhat disturbing when you think about it, no?

Ah, but never mind that. If you have the time and/or inclination to tune into the whole broadcast of Fisman’s lecture, there are some absolutely fascinating socioeconomic concepts presented that are tempting at first glance to just simply characterize as “Why we should throw grandma from the train?” but would be unfair to trivialize as such given the underlying strata of complexity associated with the highly problematic ideas of “social equilibrium” that he presents here.


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