From Matt Rognlie, an interesting point:
"A few years ago, I read an aside in Stiglitz’s Nobel autobiography that really shook me:
Economists spend enormous energy providing refined testing to their models. Economists often seem to forget that some of the most important theories in physics are either verified or refuted by a single [...]
When Larry Summers was still a candidate for Fed Chair, and the econoblogosphere was still debating whether or not he ought to be nominated, it became oddly fashionable to argue that it would be a good thing if Summers were to be confirmed and subsequently was not politically independent.
See, for example, Matt [...]