The empirical revolution

Why Economists Should Start Behaving Like Scientists

I welcome the attention that Noah Smith has drawn to two “big think” pieces, one by Nick Hanauer and Eric Liu and the other by myself, which are both cut from the same broad cloth of evolutionary and complexity theory. Smith comes across as an open-minded skeptic. He likes some aspects and is unimpressed by others. Most of all, he insists on empiricism. Here is how he ends his critique. “But I think that more important than any of these theoretical changes – or the evolutionary theory suggested by Wilson – is the empirical revolution in econ. ….[READ]