I n the epilogue of their blockbuster book Mostly Harmless Econometrics (2009), Josh Angrist and Steve Pischke write, “If applied econometrics were easy, theorists would do it.” As academic jokes go, ...

ABCDE 2014 is intended to be a stock-taking of the foundations and methods of development economics. Over the last two decades, development economics has risen ...

If you were trying to engineer a representative of the mainstream economics establishment, you might come up with Austan Goolsbee. He became an economics professor at the University of Chicago at age ...

There is an old joke in economics about two economists walking together down the sidewalk. One of them stops the other and says, “Look! There’s a $100 bill lying there on the ground!” As he stoops to ...

Partha Gangopadhyay does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations ...

There is now a widespread consensus that mainstream/neoclassical economists failed miserably to either predict the coming of the 2008 financial implosion, or provide a reasonable explanation when it ...

Nearly 50 years ago, the preeminent economist Milton Friedman wrote that businesses don't have a social responsibility to society, only to creating wealth. In the half-century since, economists have ...

This is a preview. Log in through your library . Journal Information The purpose of the American Journal of Agricultural Economics is to provide a forum for creative and scholarly work in agricultural ...

Andreas Ortmann does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Profit motive is the desire to achieve financial gain that is behind the drive for profits ...

The climate change issue imposes us not only to change the way we produce and convert energy but also to modify current energy consumption patterns. A substantial body of literature has shown that our ...