Tuesday, May 4, 2010

Using A Reproducible Evidenced Based Scientific Method In Economics

My thanks to Greg Mankiw for posting on his blog the following excellent video of a talk by Esther Duflo. She is one of the leading younger economists today. What distinguishes her from many other economists is that her economics is evidenced based, experimentally reproducible and not purely theoretical or model based.

Many other economists make policy recommendations based solely on theory and models. Esther is willing to use reproducible experimental results in real world settings to make her economic policy recommendations.

Congratulations to Esther Duflo for bringing the scientific method to real world economic problems.

1 comment :

  1. I recently came across your blog and have been reading along. I thought I would leave my first comment. I dont know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.