Tag Archives: physics

From physicists to engineers to meds to plumbers: Esther Duflo rediscovering the lost art of economics @ASSA2017

“The economist as plumber” Yesterday, Esther Duflo gave the American Economic Association Richard T. Ely lecture (edit: the full video of the lecture is now online). The gist of her talk was that economists should think as themselves more as … Continue reading

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Economics as engineering III: Carnegie stories

Episode I and Episode II; Background chronology of economics at Carnegie. The “economics and engineering” line of argument is part of economists’ rhetoric. While they’ve used it primarily as a metaphor to describe their practices (formalization, modeling, market design, problem solving, policy expertise), historians … Continue reading

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