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"If we can find evidence..."

I wonder if economics is on the cusp now of being able to do a complete analysis of national economic activity. A few tens of millions of person records is not that big of a database in modern computing terms. Companies like Acxiom have records of a pretty large fraction of financial transactions. Social media tracks and records what people are thinking.

You could do experiments pretty easily: Put up an ad on Facebook, see how many people view it, see how many people talk about it, see if they act on it by buying something, observe the incremental result in the overall economy. Repeat for a few billion transactions...

by asdf on Thu Nov 29th, 2012 at 11:49:38 AM EST
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