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How the Invention of Spreadsheet Software Unleashed Wall Street on the World

Trending story found on gizmodo.com
How the Invention of Spreadsheet Software Unleashed Wall Street on the World
In 2010, a pair of researchers published a controversial economics paper. It was cited by UK politicians to justify austerity measures that sparked economic and employment crises, and anti-austerity protests—measures that the UN later called “punitive, mean-spirited, and often callous” inflicting “great misery.” In 2013, however, this widely influential paper was found to have been substantially off in its estimates, thanks in part to a simple spreadsheet error: specifically, “a few rows left out of an equation to average the values in a column,” the Guardian wrote at the time.
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