2021 Nobel Prize in Economics: Observation over Intuition
The economics media is a buzz with news of the newly announced winners of the 2021 Nobel Prize in Economic Sciences, of which there are three people sharing two prizes. Is a rift in economics being resolved? There has been contention between economists, and between different schools of economic thought about the value of observed […]
2021 Nobel Prizes in Economics: Data over Intuition
Half of the 2021 Nobel Prizes in Economic Science went to David Card, of the University of California Berkeley (who got his traditionally assigned Nobel laureate parking space even thought he rides a bike to work)… “for his empirical contributions to labour economics” The other half went jointly to Joshua D. Angrist of the Massachusetts […]