John List is the most important economist you've probably never heard of.
His work in experimental economics has produced invaluable insights into how people behave in the real world. Let's dive into some key takeaways from his work:
First, List has proven that field experiments are crucial for understanding economics. This might seem obvious, but in traditional economics it really isn't.
May 27, 2023 • 12 tweets • 3 min read
1/10: Just listened to an episode of @99piorg about Balikbayan boxes. These are large boxes filled with goods that Filipinos living abroad send back home.
My wife and I send these boxes frequently. It's a fascinating blend of economics and culture.
2/10: The Balikbayan box system is a testament to the power of remittances. Filipinos abroad send an estimated $33 billion back home annually. That's about 10% of the Philippines' GDP.
