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1/Today's @bopinion post is about how economics changed in the 2010s. It's not a complete list, of course - just some highlights.

bloomberg.com/opinion/articl…
2/In the 2010s, empirical economics really came into its own with the "Credibility Revolution".
3/And in the 2010s, economics started to lean leftward.
4/The fight against sexism took center stage.
5/And economists started to warm to the minimum wage.
6/Concern about industrial concentration rose.
7/And the free trade consensus broke down.
8/And finally, the prestige of the field decreased substantially.

It remains to be seen whether the other big shifts can bring that prestige back.
9/Economics isn't what it was in the 70s and 80s. If you still hold that outdated, antique picture of econ in your mind, it's time to change with the times.

(end)

bloomberg.com/opinion/articl…
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Noah Smith 🐇
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Noah Smith 🐇
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1/Today's post is a list of ways that economics should change in the 2020s.

It's NOT a comprehensive list. Just a few highlights.

bloomberg.com/opinion/articl…
2/Yesterday I wrote about some ways that econ changed in the 2010s. Most of the changes have been very good.

But much more remains to be done!

bloomberg.com/opinion/articl…
3/First, economics education needs to change.

Even as the field has evolved dramatically, many textbooks and courses are stuck in the 1980s.

That needs to change.
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Noah Smith 🐇
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