Monthly Archives: October 2013

Economic theory (de)classified?

So, most Nobel Prize exegetes went a long way, this week, toward explaining that asset pricing is not primarily born out of theoretical reflection but out of prize-deserving empirical work.John Cochrane, for instance, writes about efficient markets that: Like all good theories, … Continue reading

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The Political Economy of the Nobel Prize, 45th edition

Crossposted from INET playground This morning, when I woke up a few hours before the Nobel announcement, I felt seriously dissatisfied. I had meant to write a post on Thomson Reuters’s prediction that Card, Angrist and Krueger may win the Nobel for … Continue reading

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