Our field is not perfect. But the idea that it is so tainted we must "rip it up and start again" isn't just pessimistic—it is based on inaccuraciesby Diane Coyle / April 13, 2018 / Leave a comment
Do the “tenets of neoclassicism” shape our day-to-day work as economists, as Howard Reed puts it in his ill-informed diatribe for Prospect? No—they do not.
These are some of the research papers in economics that I’ve read recently. One by Cameron Hepburn, an economist at Oxford, on policies to encourage environmentally-beneficial innovation. A study by other Oxford economists and engineers on how to design contracts to enable the growth of a peer-to-peer market for matching small-scale energy generation with demand.
A working paper by Boston University, Harvard, and MIT economists, documenting a shift in the character of AI patents in the US from the automation of existing activities to general purpose deep learning. And two studies—one by economists at the OECD and one by university researchers—considering the effects of technology on jobs, both the likely effects in future across OECD countries and the pattern in the US in the 2000s.
Some work by my former colleague at the University of Manchester, Abhishek Chakravarty, on the way tenancy reform in West Bengal had the unintended consequence of increasing families’ preference for sons and substantially increasing the survival advantage sons already had over daughters.