Discover and read the best of Twitter Threads about #nobelprizeeconomics
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The #nobelprizeeconomics has been celebrated among not-so mainstream quarters. It’s ‘useful’, it ‘challenges’ the mainstream, it has ‘real world’ insights. Putting aside the merit of the work & individuals who won, here’s little thread as to why we should remain critical. 1/n
1st point relates to how econs have a [market] analysis based upon a general & poor theory so that their time-consuming task is to empirically show all the potentially disturbing factors that moves us from the ‘far-fetched’ normal. 2/n @sanjuktampaul
2nd point relates to method in economics and @sanjuktampaul’s point as well. Why the focus on causal studies? What is the theory behind these causal studies? Are causal studies the main/only way to make economics look like a relevant discipline’? 3/n
