“Eliminating Uncertainty in Market Access: The Impact of New Bridges in Rural...
It’s NBER Summer Institute season, when every bar and restaurant in East Cambridge, from Helmand to Lord Hobo, is filled with our tribe. The air hums with discussions of Lagrangians and HANKs and...
View ArticleThe 2018 Fields Medal and its Surprising Connection to Economics!
The Fields Medal and Nevanlinna Prizes were given out today. They represent the highest honor possible for young mathematicians and theoretical computer scientists, and are granted only once every four...
View ArticleHow We Create and Destroy Growth: A Nobel for Romer and Nordhaus
Occasionally, the Nobel Committee gives a prize which is unexpected, surprising, yet deft in how it points out underappreciated research. This year, they did no such thing. Both William Nordhaus and...
View ArticleThe Price of Everything, the Value of the Economy: A Clark Medal for Emi...
Fantastic and well-deserved news this morning with the Clark Medal being awarded to Emi Nakamura, who has recently moved from Columbia to Berkeley. Incredibly, Nakamura’s award is the first Clark to go...
View ArticleWhat Randomization Can and Cannot Do: The 2019 Nobel Prize
It is Nobel Prize season once again, a grand opportunity to dive into some of our field’s most influential papers and to consider their legacy. This year’s prize was inevitable, an award to Abhijit...
View ArticleThe Simple Economics of Social Distancing and the Coronavirus
“Social distancing” – reducing the number of daily close contacts individuals have – is being encouraged by policymakers and epidemiologists. Why it works, and why now rather than for other diseases,...
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Covid-19 Innovation – Are We on the Right Track?
I never discuss my own research on this website – it’s more fun (for me at the very least!) to dive in to the great results the rest of the economics community produces. So I hope you’ll forgive me for...
View ArticleAlberto Alesina and Oliver Williamson: Taking Political and Economic...
Very sad news this week for the economics community: both Oliver Williamson and Alberto Alesina have passed away. Williamson has been in poor health for some time, but Alesina’s death is a greater...
View ArticleOperations Research and the Rise of Applied Game Theory – A Nobel for Milgrom...
Today’s Nobel Prize to Paul Milgrom and Robert Wilson is the capstone of an incredibly fruitful research line which began in the 1970s in a few small departments of Operations Research. Game theory,...
View ArticleStatistics for Strategic Scientists – A Clark for Isaiah Andrews
Today’s 2021 Clark Medal goes to the Harvard econometrician Isaiah Andrews, and no surprise. Few young econometricians have produced such a volume of work so quickly. And while Andrews has a number of...
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