Microsoft Office is a pretty non-fearsome technology, but perhaps that will change with the discovery of...
The Excel error that ruined the world!
This is one interpretation of an error in an enormously influential economics paper. Briefly, this research article argued that very large government debt clobbered that nation's GDP. Carmen Reinhart and Kenneth Rogoff's research has played a key role in explaining current austerity policies. However, it looks like their conclusions relied on a basic mistake in handling their data.
As one reader puts it,
If this error turns out to be an actual mistake Reinhart-Rogoff made, well, all I can hope is that future historians note that one of the core empirical points providing the intellectual foundation for the global move to austerity in the early 2010s was based on someone accidentally not updating a row formula in Excel.
Note the opening and very large "if". It could be error, or the error a fig leaf.
This won't lead to a big groundswell of anti-Excel feeling. But it's interesting to see that program enter the baleful spotlight of Infocult for the first time.
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