8/05/2019

Economists Abandoning Theory for Empirical Work Already Being Done by Non-Economists

"Economists don't appear very interested in economics nowadays.

Indeed, they mostly seem interested in muscling in on other disciplines.

Consider, for example, this profile on Harvard economist Raj Chetty published in May by Vox. The article acts as is Chetty has done something revolutionary in the social sciences by processing large amounts of data to examine human behavior.

...

But here's the thing: people have been doing this sort of thing for years. They're called sociologists."