RE: Top 10 Economic Puzzles

[Bill Dickens]

My vote for the single most embarrassing empirical conundrum is the CAP-M
used to forecast stock prices. 

-----Original Message-----
From: fabio guillermo rojas [mailto:[EMAIL PROTECTED]]
Sent: Tuesday, October 24, 2000 1:24 PM
To: [EMAIL PROTECTED]
Subject: Top 10 Economic Puzzles



Informal Survey:

What are the big unsolved puzzles of economic empirical research?
What economic phenoma seem pretty darn important, but have not
been adequately explained by current economic theories?

Just curious to see what the pro's have to say...

-fabio