Tuesday, March 29, 2016

The Amazing Rise of Economic Measurement

Economic measurement, empirical economics, evidence-based economics -- call it what you want, but lately it's been trouncing the competition.  The table below, which speaks for itself, is from Bentley MacLeod's interesting new paper, "The Human Capital Approach to Inference" (more on it in a later post).  One can only wonder how its 2023 row will look.   (What a tectonic shift from the 70's and 80's.  I was a grad student in the 80's, when all the big profs were theorists and all the big students were aspiring theorists...)