Ryan Avent: "This year’s Nobel prizes prompt soul-searching among economists"
Ryan Avent's latest for the print edition of the
Economist.
❝ Nobel prizes are usually given in recognition of ideas that are already more or less guaranteed a legacy. But occasionally they prompt as much debate as admiration. This year’s economics award, given to Abhijit Banerjee, Esther Duflo and Michael Kremer, was unusual both for the recency of the contributions it recognised and the relative youth of the recipients. (For a review of “Good Economics for Hard Times”, by Mr Banerjee and Ms Duflo, see Books and arts section.) Intentionally or not, it has inflamed arguments about the direction of the profession. … [Economist.com]
| RYAN AVENT is senior editor and economics columnist at The Economist and author of The Wealth of Humans. Watch him talk about his book below, and learn more about booking Bob for your next event today. |
