Monday, October 12, 2015

Nobel Prize

Congratulations to Angus Deaton, who just won the prize.


Thoughts from my colleague Justin Wolfers, from Alex Tabarrok, and from Tyler Cowen. The piece from Chris Blattman is good as well, but neglects to note that many of the criticisms of experiments voiced by Deaton were already around in the labor literature, which had a similar, though arguably more civil, discussion about randomized trials a decade or so prior to the one in the development literature.

Overall, this is an excellent prize in my view. We used the Deaton and Muellbauer book, along with Varian's text, in first year micro when I was at Chicago. It is excellent.  The bits of the household survey book that I have read were really helpful as well.

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