Why Was the 20th Century Not a Chinese Century?

And at this I really am crying. There have been a lot of economists behaving very badly indeed in the twenty-six years since I first went to Washington as an adult to start doing economic policy in a serious way. But the late Alan Krueger always behaved well—in communicating with the public, with his colleagues, and with himself. Arindrajit Dube puts it best:

Arindrajit Dube: "More than any other work,: "More than any other work, Myth and Measurement helped shape my view of building an economics that is open, evidence-driven, and where the core theories can be rejected. Alan Krueger kept reminding us of this, and I won't ever forget it." Alan B. Krueger (May 10, 2018): "Wait. Don’t concede anything. The idea of turning economics into a true empirical science, where core theories can be rejected, is a BIG, revolutionary idea." Arindrajit Dube (May 10, 2018): "In an empirical science based model of economics, there are fewer 'big thinkers' who dream up of big ideas and more 'plumbers'" Doesn't mean vision and synthesis aren't important, but means knowledge & progress are more emergent than in political economy of 19th/20th century...


#noted

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